EXHIBIT 11 BEAUTICONTROL COSMETICS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE Three Months Ended Nine Months Ended August 31, August 31, August 31, August 31, 1997 1996 1997 1996 Net income applicable to common stock $ 183,966 $1,331,947 $2,223,536 $2,973,249 Common and common equivalent share: Weighted average common shares outstanding 5,928,331 5,777,415 5,899,138 5,836,675 Net effect of dilutive stock options based on the treasury stock method using average market price 183,548 130,218 294,522 150,270 Weighted average common and common equivalent shares 6,111,879 5,907,633 6,193,660 5,986,945 Net income per common and common equivalent share $.03 $.23 $.36 $.50 Common share - assuming full dilution: Weighted average common shares outstanding 5,928,331 5,777,415 5,899,138 5,836,675 Net effect of dilutive stock options based on the treasury stock method using the greater of the average or ending market price 183,556 134,969 313,397 156,005 Weighted average common shares-assuming full dilution 6,111,887 5,912,384 6,212,535 5,992,680 Net income per common share -assuming full dilution $.03 $.23 $.36 $.50