EXHIBIT 11.1 THRUSTMASTER, INC. STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS (In thousands, except net income per share) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, ------------------ ------------------- 1997 1996 1997 1996 ---- ---- ---- ---- Weighted average number of common shares outstanding 4,258 4,166 4,247 4,141 Common stock equivalents arising from stock options 504 388 493 412 ----- ----- ----- ----- 4,762 4,554 4,740 4,553 ----- ----- ----- ----- Net income $ 329 $ 111 $ 618 $ 212 ----- ----- ----- ----- ----- ----- ----- ----- Net income per share $0.07 $0.02 $0.13 $0.05 ----- ----- ----- ----- ----- ----- ----- -----