1 EXHIBIT 11.1 FIRST ALERT, INC. AND SUBSIDIARIES Calculation of Shares Used In Determining Net Income Per Share Three Month Period Ended ------------------------- March 30, March 31, 1997 1996 ---------- ---------- Weighted average common shares outstanding 24,183,116 24,043,116 Weighted average common share equivalents outstanding during the period computed in accordance with the treasury stock method 263,927 582,213 ---------- ---------- Total weighted average shares outstanding 24,447,043 24,625,329 ========== ==========