CSP, INC. AND SUBSIDIARIES Exhibit 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS For the three and nine month periods ended May 26, 1995 and May 27, 1994 (in thousands except for per share amounts) /-----------------------------------------Unaudited---------------------------------/ /---Three Months Ended ---------/ /-------- Nine Months Ended ------/ May 26, May 27, May 26, May 27, 1995 1994 1995 1994 ----------- --------------------------------------------------------------- Net Income (Loss) Per Common Share - (Primary) - --------------------------------------------- Net Income (Loss) $320 $560 $28 $1,358 =========== =========== =========== =========== Average common shares outstanding 2,798 2,820 2,806 2,816 =========== =========== =========== =========== Reported net income per common share $0.11 $0.20 $0.01 $0.48 =========== =========== =========== =========== Net Income (Loss)Per Common Share - (Full Dilution) - --------------------------------------------- Net Income (Loss) $320 $560 $28 $1,358 =========== =========== =========== =========== Average common shares outstanding 2,798 2,820 2,806 2,816 Add: Net additional common shares upon exercise of stock options 37 74 40 76 ----------- ----------- ----------- ----------- Adjusted average common shares outstanding 2,835 2,894 2,846 2,892 =========== =========== =========== =========== Net income per common share - (Full Dilution) $0.11 $0.19 $0.01 $0.47 =========== =========== =========== ===========