PINNACLE SYSTEMS, INC. AND SUBSIDIARIES Exhibit 11.1 - Statement of Computation of Net Income Per Share (In thousands, except per share data) Three Months Ended September 30, ----------------- 1996 1995 ---- ---- Weighted average shares of common stock outstanding 7,473 6,655 Weighted average common stock equivalent shares 350 879 ------ ------ Shares used to compute net income per share 7,823 7,534 ====== ====== Net income used in per share calculation $ 612 $1,263 ====== ====== Net income per share $ 0.08 $ 0.17 ====== ======