Exhibit 11
VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES
Computation of Net Income Per Share
1998 1997 1996
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Net income $ 18,103,569 $ 18,089,722 $ 11,019,565
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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
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Weighted average number of common and dilutive
shares outstanding 31,888,229 32,342,082 29,308,692
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Net income per common share $ 0.57 $ 0.57 $ 0.38
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Net income per common share - assuming dilution $ 0.57 $ 0.56 $ 0.38
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