1 EXHIBIT 11.1 VIASAT, INC. COMPUTATION OF PRO FORMA EARNINGS PER SHARE YEAR ENDED MARCH 31, ------------------------- 1997 1996 ---------- ---------- Net Income $3,172,000 $1,633,000 ========== ========== Weighted average number of common shares outstanding 6,411,260 3,267,141 Assumed conversion of preferred shares 2,365,538 Common stock equivalent shares 226,840 106,398 Effect of shares issued and options granted at less than the offering price 64,314 136,652 ---------- ---------- Total number of shares for computing pro forma primary earnings per share 6,702,414 5,875,729 Incremental shares for computing pro forma fully diluted earnings per share 49,542 Total number of shares for computing pro forma fully diluted earnings per share 6,751,956 5,875,729 ========== ========== Pro forma primary earnings per share $ .47 $ .28 ========== ========== Pro forma fully diluted earnings per share $ .47 $ .28 ========== ==========