PINNACLE SYSTEMS, INC. AND SUBSIDIARIES
EXHIBIT 11.1--STATEMENT OF COMPUTATION OF
NET INCOME (LOSS) PER SHARE
(In thousands, except per share data)
Fiscal year ended June 30,
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1996 1995 1994(2)
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Weighted average shares of common stock outstanding(1).......................... 7,165 4,266 2,568
Common stock equivalents........................................................ 524 800 --
Shares related to Staff Accounting Bulletin No. 83.............................. -- 44 177
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Shares used to compute net income (loss) per share.............................. 7,689 5,110 2,745
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Net income (loss) used in per share calculation................................. $3,684 $2,240 $ (566)
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Net income (loss) per share..................................................... $ 0.48 $ 0.44 $(0.21)
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(1) Convertible preferred stock has been included in the 1994 calculation on an as if converted basis.
(2) See Note 1 of Notes to Consolidated Financial Statements.
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