EXHIBIT 11.1 Computation of Pro Forma Net Income (Loss) Per Common Share (in thousands, except per share data) (Unaudited) Years Ended December 31, ----------------------------------- 1996 1995 1994 ---- ---- ---- Pro forma net income (loss) $ (19,238) $ 5,178 $ 1,783 ----------------------------------- Weighted average number of common equivalent shares Common stock 12,844 10,514 9,100 ----------------------------------- Dilutive effect of stock options - 970 439 ----------------------------------- Pro forma weighted average shares outstanding 12,844 11,484 9,539 ----------------------------------- Pro forma net income (loss) per share $ (1.50) $ 0.45 $ 0.19 ===================================