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EXHIBIT 11.1
VIASAT, INC.
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
THREE MONTHS ENDED
JUNE 30,
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1997 1996 (1)
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Net Income $ 1,175,000 $ 478,000
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Weighted average number of common shares outstanding 7,744,119 3,386,396
Assumed conversion of preferred shares 2,365,538
Common stock equivalent shares 307,815 76,021
Effect of shares issued and options granted at less
than the offering price 175,156
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Total number of shares for computing primary earnings
per share 8,051,934 6,003,110
Incremental shares for computing fully diluted
earnings per share 47,948
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Total number of shares for computing fully diluted
earnings per share 8,099,882 6,003,110
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Primary earnings per share $ .15 $ .08
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Fully diluted earnings per share $ .15 $ .08
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(1) Earnings per share calculations are pro forma.
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