1 EXHIBIT 11.1 ON COMMAND CORPORATION STATEMENT REGARDING COMPUTATION OF HISTORICAL AND PRO FORMA PER SHARE EARNINGS (IN THOUSANDS EXCEPT PER SHARE AMOUNTS) SIX MONTHS YEAR ENDED DECEMBER 31, ENDED JUNE 30, --------------------------- ----------------- 1995 1994 1993 1996 1995 ------- ------ ------ ------- ------ On Command Video -- Historical: Net Income.............................................. $ 4,902 $3,456 $1,358 $ 1,624 $2,508 ------- ------ ------ ------- ------ Redeemable common stock accretion....................... (641) (600) (179) (323) (334) ------- ------ ------ ------- ------ Net income applicable to common stockholders............ $ 4,261 $2,856 $1,179 $ 1,301 $2,174 ======= ====== ====== ======= ====== Weighted average common shares outstanding.............. 6,181 4,938 3,500 7,278 5,399 Weighted average common equivalent shares: Redeemable common stock............................... 411 411 199 411 411 Warrants and options.................................. 241 222 197 214 205 Total shares used in per share calculations............. $ 6,833 $5,571 $3,896 $ 7,903 $6,015 ======= ====== ====== ======= ====== Net income per common and equivalent share.............. $ 0.62 $ 0.51 $ 0.30 $ 0.16 $ 0.36 ======= ====== ====== ======= ====== On Command Corporation -- Pro Forma: Net loss................................................ $(26,638) -- -- $(8,839) -- ======= ====== ====== ======= ====== Total shares used in per share calculations............. 30,000 -- -- 30,000 -- ------- ------ ------ ------- ------ Net loss per common and equivalent share................ $ (.79) -- -- $ (.29) -- ======= ====== ====== ======= ======