1 EXHIBIT 11.1 STATEMENT REGARDING CALCULATION OF NET INCOME PER SHARE (1) (in thousands, except per share date) Three years ended June 29, 1997 ------------------------------- 1997 1996 1995 ------- ------- ------- Net income $ 4,194 $ 2,716 $ 448 ======= ======= ======= Weighted average shares outstanding: Common stock .............................. 13,327 10,180 9,520 Common stock issuable upon exercise of stock options ........................... 966 513 443 Common stock issuable upon exercise of stock options granted from March 31, 1995 through June 10, 1996 (2) .......... -- 674 713 ------- ------- ------- Weighted average common shares and equivalents ............................... 14,293 11,367 10,676 ======= ======= ======= Net income per share ......................... $ 0.29 $ 0.24 $ 0.04 ======= ======= ======= - ---------- (1) This exhibit should be read in conjunction with Note 1 of Notes to Consolidated Financial Statements. (2) Stock options granted (using the treasury stock method and the initial public offering price) have been included in the calculation of common equivalent shares as if they were outstanding for all periods presented through June 10, 1996.