Exhibit 11 VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES Computation of Net Income Per Share
1998 1997 1996 ------------------ ------------------ -------------------- Net income $ 18,103,569 $ 18,089,722 $ 11,019,565 ================== ================== ==================== Weighted average number of common shares outstanding 31,745,437 31,718,390 28,627,356 Shares assumed to be issued upon the exercise of common stock options and warrants under the treasury stock method 142,792 623,692 681,336 ------------------ ------------------ -------------------- Weighted average number of common and dilutive shares outstanding 31,888,229 32,342,082 29,308,692 ================== ================== ==================== Net income per common share $ 0.57 $ 0.57 $ 0.38 ================== ================== ==================== Net income per common share - assuming dilution $ 0.57 $ 0.56 $ 0.38 ================== ================== ====================