Integral Systems (ISYS) 10-Q 2006 Q4 Quarterly report

Exhibit 11.1

INTEGRAL SYSTEMS INC. AND SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended June 30,				Nine Months Ended June 30,
	2006		2005		2006		2005
Numerator:
Net Income	$	2,750,581	$	1,863,650	$	9,364,691	$	5,098,507
Denominator:
Denominator for basic earnings per share-weighted-average shares		11,026,439		10,392,973		10,857,121		10,232,203
Effect of dilutive securities:
Employee stock options		163,669		117,521		105,443		72,524
Contingently issuable shares		31,008		119,458		31,008		119,458
Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions		11,221,116		10,629,952		10,993,572		10,424,185
Basic earnings per share	$	0.25	$	0.18	$	086	$	0.50
Diluted earnings per share	$	0.25	$	0.18	$	0.85	$	0.49