1 EXHIBIT 11.1 REMEC, Inc. COMPUTATION OF NET INCOME PER COMMON SHARE Three months ended ------------------ May 4, 1997 May 5, 1996 ----------- ----------- Net income per common share: Net income $ 2,472,885 $1,007,849 Weighted average shares outstanding: Common stock 12,176,289 9,438,752 Effect of common stock equivalents 434,634 113,785 ----------- ---------- 12,610,923 9,552,537 ----------- ---------- Net income per common share $ 0.20 $ 0.11 =========== ========== - 16 -