FORM 10-Q STATEMENT REGARDING COMPUTATIONS OF PER SHARE EARNINGS BGS SYSTEMS, INC. For the quarter ended July 31, 1996 1995 --------------------------- PRIMARY Average shares outstanding 3,126,608 3,107,312 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 36,616 16,101 ----------- ----------- Total 3,163,224 3,123,413 ----------- ----------- Net income $ 2,174,117 $ 1,896,622 =========== =========== Net income per share $ .69 $ .61 =========== =========== For the six months ended July 31, 1996 1995 --------------------------- PRIMARY Average shares outstanding 3,125,169 3,104,638 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 28,920 15,179 ----------- ----------- Total 3,154,089 3,119,817 ----------- ----------- Net income $ 4,275,747 $ 3,769,305 =========== =========== Net income per share $ 1.36 $ 1.21 =========== ===========