EXHIBIT 11.1 MAUNA LOA MACADAMIA PARTNERS, L.P. COMPUTATION OF NET INCOME PER CLASS A UNIT (IN THOUSANDS, EXCEPT PER UNIT DATA) 1997 1996 1995 -------- ------- ------- Net income $ 15,581 $ 3,033 $ 1,192 -------- ------- ------- -------- ------- ------- Class A Unitholders' percentage of ownership 99% 99% 99% -------- ------- ------- Net income allocable to Class A Unitholders $ 15,425 $ 3,003 $ 1,180 -------- ------- ------- -------- ------- ------- Class A Units outstanding 7,500 7,500 7,500 -------- ------- ------- -------- ------- ------- Net income per Class A Unit $ 2.06 $ 0.40 $ 0.16 -------- ------- ------- -------- ------- -------