Exhibit 11.1 QUICKTURN DESIGN SYSTEMS, INC. COMPUTATION OF EARNINGS PER SHARE (1) (in thousands, except per share amount) Year Ended December 31, --------------------------------- 1996 1995 1994 --------- -------- -------- Weighted average shares outstanding: Common stock 13,872 13,359 12,816 Common stock equivalents 1,332 1,246 1,534 --------- -------- -------- Weighted average common shares and equivalents 15,204 14,605 14,350 --------- -------- -------- --------- -------- -------- Net income (loss) $ 12,639 $ 13,083 $ 4,601 --------- -------- -------- --------- -------- -------- Net income (loss) per share (2) $ 0.83 $ 0.90 $ 0.32 --------- -------- -------- --------- -------- -------- ________________ (1) This schedule should be read with Notes 2 and 10 of the Notes to Consolidated Financial Statements. (2) There is no difference between primary and fully diluted net income (loss) per share.