1 EXHIBIT 11.1 REMEC, Inc. COMPUTATION OF NET INCOME PER COMMON SHARE Three months ended Six months ended -------------------------------- --------------------------------- August 1, 1997 August 4, 1996 August 1, 1997 August 4, 1996 -------------- -------------- -------------- -------------- Net income per common share: Net income $ 2,615,182 $ 1,408,563 $ 5,213,716 $ 2,462,777 Weighted average shares outstanding: Common Stock 19,685,550 15,110,778 19,618,551 15,145,113 Effect of common stock equivalents 757,456 287,916 645,614 251,893 ----------- ----------- ----------- ----------- 20,443,006 15,398,694 20,264,165 15,397,006 =========== =========== =========== =========== Net income per common share $ 0.13 $ 0.09 $ 0.26 $ 0.16 =========== =========== =========== ===========