1 EXHIBIT 11.1 VIASAT, INC. COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THREE MONTHS ENDED NINE MONTHS ENDED DECEMBER 31, DECEMBER 31, -------------------------- -------------------------- 1997 1996 1997 1996 ---------- ---------- ---------- ---------- Net Income $1,350,000 $ 853,000 $3,729,000 $1,935,000 ========== ========== ========== ========== Weighted average number of common 7,810,233 6,426,022 7,781,976 6,098,790 shares outstanding Incremental shares for computing diluted earnings per Share 404,556 226,206 382,830 191,910 Total number of shares for computing diluted earnings per share 8,214,789 652,228 8,164,806 6,290,700 ========== ========== ========== ========== Basic earnings per share $ .17 $ .13 $ .48 $ .32 ========== ========== ========== ========== Diluted earnings per share $ .16 $ .13 $ .46 $ .31 ========== ========== ========== ========== 15