EXHIBIT 11.1
BDM INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Thousands, Except Per Share Data)
Three Months Six Months
Ended Ended
June 30, June 30,
------- --------
1995 1994 1995 1994
----- ---- ---- ----
Net Income $3,870 $3,005 $7,204 $5,913
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Shares used for
primary earnings per share:
Weighted averaged 9,650 10,916 9,544 11,428
shares outstanding
Dilutive effect of 587 496 569 412
common stock equivalents- --- --- --- ---
noncontingent stock options
Total shares used for
primary earnings 10,237 11,412 10,113 11,840
per share
Additional shares used
for fully diluted
earnings per share:
Increase for dilutive
effect of contingent 139 127 162 192
stock options ----- ----- ----- ------
Total shares used
for fully diluted 10,376 11,539 10,275 12,032
earnings per share ====== ====== ====== ======
Earnings per share:
Primary $0.38 $0.26 $0.71 $0.50
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Fully diluted $0.37 $0.26 $0.70 $0.49
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