EXHIBIT 11.1 ADAC LABORATORIES COMPUTATION OF NET INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) Three Months Ended Six Months Ended ------------------ ---------------- March 30, March 31, March 30, March 31, 1997 1996 1997 1996 --------- --------- --------- --------- Average shares outstanding 18,227 17,271 18,078 17,167 Net effect of dilutive stock options and warrants 1,169 1,000 1,136 824 ------ ------ ------ ------ Average common and common equivalent shares outstanding 19,396 18,271 19,214 17,991 ====== ====== ====== ====== Net income $ 5,552 $ 3,938 $10,645 $ 7,479 ====== ====== ====== ====== Net income per share $ 0.29 $ 0.22 $ 0.55 $ 0.42 ====== ====== ====== ====== 1