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Exhibit 11.1
INTEGRAL SYSTEMS INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended March 31, | Six Months Ended March 31, | |||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||
Numerator: | ||||||||||||
Net Income | $ | 2,141,775 | 3,543,656 | $ | 4,200,777 | $ | 6,614,110 | |||||
Denominator: | ||||||||||||
Denominator for basic earnings per share-weighted-average shares | 11,105,575 | 10,874,278 | 11,082,524 | 10,772,462 | ||||||||
Effect of dilutive securities: | ||||||||||||
Employee stock options | 36,163 | 159,407 | 51,209 | 124,918 | ||||||||
Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions | 11,141,738 | 11,033,685 | 11,133,733 | 10,897,380 | ||||||||
Basic earnings per share | $ | 0.19 | $ | 0.33 | $ | 0.38 | $ | 0.61 | ||||
Diluted earnings per share | $ | 0.19 | $ | 0.32 | $ | 0.38 | $ | 0.61 |