CSP, INC. AND SUBSIDIARIES Exhibit 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS For the three and six month periods ended February 24, 1995 and February 25, 1994 (in thousands except for per share amounts) /-------------------------Unaudited------------------------/ /---Three Months Ended---/ /-------Six Months Ended------/ February 24, February 25, February 24, February 25, 1995 1994 1995 1994 ------------- ------------ ------------- ------------- Net Income (Loss) Per Common Share - (Primary) - ---------------------------------------------- Net Income (Loss) $140 $464 ($292) $798 ============= ============ ============= ============= Average common shares outstanding 2,805 2,816 2,812 2,815 ============= ============ ============= ============= Reported net income per common share $0.05 $0.16 ($0.10) $0.28 ============= ============ ============= ============= Net Income (Loss) Per Common Share - (Full Dilution) - ---------------------------------------------------- Net Income (Loss) $140 $464 ($292) $798 ============= ============ ============= ============= Average common shares outstanding 2,805 2,816 2,812 2,815 Add: Net additional common shares upon exercise of stock options 36 74 48 79 ============= ============ ============= ============= Adjusted average common shares outstanding 2,841 2,890 2,860 2,894 ============= ============ ============= ============= Net income per common share - (Full Dilution) $0.05 $0.16 ($0.10) $0.28 ============= ============ ============= =============