Exhibit 11.1
INTEGRAL SYSTEMS INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(unaudited)
Three Months Ended December 31, | ||||||
| 2003 | 2002 | |||||
Numerator: | ||||||
Net Income | $ | 1,173,811 | $ | 849,808 | ||
Denominator: | ||||||
Denominator for basic earnings per share-weighted-average shares | 9,730,977 | 9,699,729 | ||||
Effect of dilutive securities: | ||||||
Employee stock options | 63,680 | 43,710 | ||||
Contingently issuable shares | 209,926 | — | ||||
Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions | 10,004,583 | 9,743,439 | ||||
Basic earnings per share | $ | 0.12 | $ | 0.09 | ||
Diluted earnings per share | $ | 0.12 | $ | 0.09 | ||
