EXHIBIT 11 BEAUTICONTROL COSMETICS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE Three Months Ended February 29 February 28 1996 1995 Net income applicable to common stock $667,502 $1,731,662 Common and common equivalent share: Weighted average common shares outstanding 5,892,901 6,648,101 Net effect of dilutive stock options based on the treasury stock method using average market price 174,472 360,654 Weighted average common and common equivalent share 6,067,373 7,008,755 Net income per common and common $.11 $.25 equivalent share Common share - assuming full dilution: Weighted average common shares outstanding 5,892,901 6,648,101 Net effect of dilutive stock options based on the treasury stock method using the greater of the average or ending market price 174,480 360,659 Weighted average common shares - assuming full dilution 6,067,381 7,008,760 Net income per common share - assuming full dilution $.11 $.25