PINNACLE SYSTEMS, INC. AND SUBSIDIARIES EXHIBIT 11.1--STATEMENT OF COMPUTATION OF NET INCOME (LOSS) PER SHARE (In thousands, except per share date) Fiscal year ended June 30, -------------------------- 1997 1996 1995(1) ---- ---- ------- Weighted average shares of common stock outstanding 7,402 7,165 4,266 Common stock equivalents -- 524 800 Shares related to Staff Accounting Bulletin No. 83 -- -- 44 -------- -------- -------- Shares used to compute net income (loss) per share 7,402 7,689 5,110 ======== ======== ======== Net income (loss) used in per share calculation $(14,935) $ 3,684 $ 2,240 ======== ======== ======== Net income (loss) per share $ (2.02) $ 0.48 $ 0.44 ======== ======== ======== <FN> - -------- (1) See Note 1 of Notes to Consolidated Financial Statements. </FN>