FORM 10-Q STATEMENT REGARDING COMPUTATIONS OF PER SHARE EARNINGS BGS SYSTEMS, INC. For the quarter ended October 31, 1996 1995 --------------------------- PRIMARY Average shares outstanding 3,129,486 3,116,159 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 51,235 22,779 ----------- ----------- Total 3,180,721 3,138,938 ----------- ----------- Net income $ 2,214,754 $ 1,949,547 =========== =========== Net income per share $ .70 $ .62 =========== =========== For the nine months ended October 31, 1996 1995 --------------------------- PRIMARY Average shares outstanding 3,126,869 3,108,478 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 36,09 17,712 ----------- ----------- Total 3,162,966 3,126,190 ----------- ----------- Net income $ 6,490,503 $ 5,718,852 =========== =========== Net income per share $ 2.05 $ 1.83 =========== ===========