PINNACLE SYSTEMS, INC. AND SUBSIDIARY Exhibit 11.1 - Statement of Computation of Net Income (Loss) Per Share (In thousands, except per share data) Three Six Months Ended Months Ended December 31, December 31, ----------------------- ----------------------- 1996 1995 1996 1995 ------- ------- ------- ------- Weighted average shares of common stock outstanding 7,505 7,273 7,489 6,950 Weighted average common stock equivalent shares -- 638 -- 653 ------- ------- ------- ------- Shares used to compute net income (loss) per share 7,505 7,911 7,489 7,603 ======= ======= ======= ======= Net income (loss) used in per share calculation $(9,344) $ 1,732 $(8,733) $ 2,995 ======= ======= ======= ======= Net income (loss) per share $ (1.25) $ 0.22 $ (1.17) $ 0.39 ======= ======= ======= =======