1 EXHIBIT 11.1 BUSINESS RESOURCE GROUP STATEMENT OF COMPUTATION OF NET INCOME PER SHARE (IN THOUSANDS EXCEPT PER SHARE DATA) YEAR ENDED OCTOBER 31, ------------------------------------------------- 1996 1995 1994 ------ ------ ----- FULLY DILUTED Net income ............................... $1,854 ====== Pro forma net income ..................... $ 999 $1,426 ====== ====== Weighted average common shares outstanding............................ 4,844 3,662 3,085 Common equivalent shares: Stock options ......................... 42 -- 58 Supplemental shares (1) ............... -- 172 263 ------ ------ ----- Total common stock and common stock equivalents ..................... 4,886 3,834 3,406 ====== ====== ===== Net income per common share .............. $ .38 ====== Pro forma net income per common share ...................... $ .26 $ .42 ====== ===== (1) Represents the approximate number of shares that would have to have been sold to fund the distribution of undistributed S Corporation earnings. See Note 2 to Financial Statements.