1 EXHIBIT 11.1 HADCO CORPORATION STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS, EXCEPT PER SHARE DATA) FOR THE YEARS ENDED FOR THE SIX MONTHS ENDED ----------------------------------- ------------------------ October 28, October 26, October 25, April 26, May 2, 1995 1996 1997 1997 1998 ---------- ---------- ---------- -------- ------- (in thousands, except per share data) Net income (loss)..................... $21,374 $32,014 $(36,493) $(59,212) $(47,612) ======= ======= ======= ======= ======= Basic weighted average shares outstanding........................ 9,805 10,245 11,458 10,435 13,130 Weighted average common equivalent shares............................. 1,001 839 -- -- -- ------- ------- ------- ------- ------- Diluted weighted average shares outstanding........................ 10,806 11,084 11,458 10,435 13,130 ======= ======= ======= ======= ======= Basic net income (loss) per share..... $ 2.18 $ 3.12 $ (3.18) $ (5.67) $ (3.63) ======= ======= ======= ======= ======= Diluted net income (loss) per share... $ 1.98 $ 2.89 $ (3.18) $ (5.67) $ (3.63) ======= ======= ======= ======= =======