GRC International, Inc. Statement of Computation of Earnings Per Share (in thousands except for per share amounts) 09/30/98 09/30/97 -------------------- BASIC Weighted Average Number of Shares of Common Stock Outstanding 10,214 9,632 Income (Loss) from Continuing Operations 3,030 1,136 Income (Loss) from Discontinued Operations 54 290 -------------------- Net Income (Loss) 3,084 1,426 ==================== Per Share Amount: Income (Loss) from Continuing Operations 0.29 0.12 Income (Loss) from Discontinued Operations 0.01 0.03 -------------------- Net Income (Loss) 0.30 0.15 ==================== FULLY DILUTED Weighted Average Number of Shares of Common Stock Outstanding 10,214 9,632 Net Effect of Dilutive Stock Options Based on the Treasury Stock Method Using Average Market Price 172 160 -------------------- Weighted Average Shares Outstanding 10,386 9,792 ==================== Income (Loss) from Continuing Operations 3,030 1,136 Income (Loss) from Discontinuing Operations 54 290 -------------------- Adjusted Net Income (Loss) 3,084 1,426 ==================== Per Share Amount: Adjusted Income (Loss) from Continuing Operations 0.29 0.12 Income (Loss) from Discontinuing Operations 0.01 0.03 -------------------- Adjusted Net Income (Loss) 0.30 0.15 ====================