Exhibit 11.1

COMDISCO HOLDING COMPANY, INC.

COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(in thousands except per share data)

Average common shares used in computing earnings (loss) per common and common equivalent share were as follows:

   
Three months ended
March 31,
   
Six months ended
March 31,
 
   
2012
   
2011
   
2012
   
2011
 
Average common shares issued
    4,200       4,200       4,200       4,200  
Average common shares retired
    (171 )     (171 )     (171 )     (171 )
Total
    4,029       4,029       4,029       4,029  
Net earnings (loss) to common stockholders
  $ 351     $ (520 )   $ (224 )   $ (109 )
                                 
Basic and diluted earnings (loss) per common share
  $ 0.09     $ (0.13 )   $ (0.05 )   $ (0.03 )