EXHIBIT 11.1 ELECTRONICS FOR IMAGING, INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (1) (2) (In thousands, except per share data) (Unaudited) Year Ended December 31, --------------------------- 1996 1995 1994 ------- ------- ------- Net income for purposes of computing net income per share $62,184 $37,500 $21,306 ------- ------- ------- Weighted average common shares outstanding 50,672 49,210 47,208 Weighted common equivalent shares from options(3) 4,156 3,890 2,628 ------- ------- ------- Weighted average common shares and equivalents 54,828 53,100 49,836 ======= ======= ======= Net income per share $ 1.13 $ 0.71 $ 0.43 ======= ======= ======= <FN> (1) This Exhibit should be read in conjunction with "Summary of Significant Accounting Policies - Net Income per Share" contained in Note 1 of Notes to Consolidated Financial Statements. (2) All per share data and shares used in computing net income per share have been restated to reflect the Company's two-for-one stock split. See Notes 1 and 8 of Notes to Consolidated Financial Statements. (3) Computed using the treasury stock method. The difference between primary net income per share and fully diluted net income per share is not significant. </FN> 44