EXHIBIT 11.1 ELECTRONICS FOR IMAGING, INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (1) (2) (In thousands, except per share data) Year Ended December 31, ------------------------------------------- 1997 1996 1995 ------- ------- ------- Net income for purposes of computing net income per share $64,882 $62,184 $37,500 ------- ------- ------- Weighted average common shares outstanding for computing basic income per share 52,359 50,672 49,210 Potential common shares from options (2) 3,839 4,156 3,890 ------- ------- ------- Weighted average potential common shares and equivalents 56,198 54,828 53,100 ======= ======= ======= Net income per basic common share $ 1.24 $ 1.23 $ 0.76 ======= ======= ======= Net income per diluted common share $ 1.15 $ 1.13 $ 0.71 ======= ======= ======= <FN> (1) This Exhibit should be read in conjunction with "Summary of Significant Accounting Policies - Computation of Net Income per Common Share" contained in Note 1 of Notes to Consolidated Financial Statements. (2) Computed using the treasury stock method. </FN> 48