12 FORM 10-Q STATEMENT REGARDING COMPUTATIONS OF PER SHARE EARNINGS BGS SYSTEMS, INC. For the three months ended October 31, 1997 1996 -------------------------- PRIMARY Average shares outstanding 6,304,136 6,258,972 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 152,266 102,470 ----------- ----------- Total 6,456,402 6,361,442 ----------- ----------- Net income $ 2,824,007 $ 2,214,754 =========== =========== Net income per share $ .44 $ .35 =========== =========== For the nine months ended October 31, 1997 1996 -------------------------- PRIMARY Average shares outstanding 6,284,537 6,253,738 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 162,478 72,194 ----------- ----------- Total 6,447,015 6,325,932 ----------- ----------- Net income $ 7,375,749 $ 6,490,503 =========== =========== Net income per share $ 1.14 $ 1.03 =========== ===========