GRC International, Inc.
Statement of Computation of Earnings Per Share
(in thousands except for per share amounts)
QTR ENDING YTD ENDING
09/30/99 09/30/98 09/30/99 09/30/98
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BASIC
Weighted Average Number of Shares of Common
Stock Outstanding 10,959 10,214 10,959 10,214
Income from Continuing Operations 2,358 3,030 2,358 3,030
Income from Discontinued Operations - 54 - 54
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Net Income 2,358 3,084 2,358 3,084
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Per Share Amount:
Income from Continuing Operations 0.22 0.29 0.22 0.29
Income from Discontinued Operations - 0.01 - 0.01
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Net Income 0.22 0.30 0.22 0.30
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DILUTED
Weighted Average Number of Shares of Common
Stock Outstanding 10,959 10,214 10,959 10,214
Net Effect of Dilutive Stock Options
Based on the Treasury Stock Method
Using Average Market Price 460 172 460 172
Net Effect of Convertible Debenture
Based on the
if Converted Method (ONLY IF DILUTIVE) - - - -
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Weighted Average Shares Outstanding 11,418 10,386 11,419 10,386
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Income from Continuing Operations 2,358 3,030 2,358 3,030
Interest and Amortization on
Convertible Debenture (ONLY IF DILUTIVE) - - - -
Adjusted Income from Continuing Operations 2,358 3,030 2,358 3,030
Income from Discontinuing Operations - 54 - 54
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Adjusted Net Income 2,358 3,084 2,358 3,084
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Per Share Amount:
Adjusted Income from Continuing Operations 0.21 0.29 0.21 0.29
Income from Discontinuing Operations - 0.01 - 0.01
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Adjusted Net Income 0.21 0.30 0.21 0.30
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