IN FOCUS SYSTEMS, INC. CALCULATIONS OF NET INCOME PER SHARE Three Months Ended March 31, --------------------------------------------------- 1997 1996 ----------------------- ----------------------- Primary Fully Diluted Primary Fully Diluted ----------------------- ----------------------- Weighted Average Shares Outstanding for the Period 10,743,476 10,743,476 10,953,644 10,953,644 Dilutive Common Stock Options Using the Treasury Stock Method 313,215 312,998 556,970 557,750 ----------------------- ----------------------- Total Shares Used for Per Share Calculations 11,056,691 11,056,474 11,510,614 11,511,394 ----------------------- ----------------------- ----------------------- ----------------------- Net Income $ 4,400,000 $ 4,400,000 $ 6,991,000 $ 6,991,000 ----------------------- ----------------------- ----------------------- ----------------------- Net Income Per Share $ 0.40 $ 0.40 $ 0.61 $ 0.61 ----------------------- ----------------------- ----------------------- -----------------------