1 EXHIBIT 11.1 BUSINESS RESOURCE GROUP STATEMENT OF COMPUTATION OF NET INCOME (LOSS) PER SHARE (IN THOUSANDS EXCEPT PER SHARE AND PER SHARE DATA) YEAR ENDED OCTOBER 31, -------------------------------------- 1997 1996 1995 --------- ---------- -------- FULLY DILUTED Net income/(loss)........................ $ (762) $ 1,854 ========= ========= Pro forma net income..................... $ 999 ======= Weighted average common shares outstanding............................ 4,902 4,844 3,662 Common equivalent shares: Stock options......................... -- 42 -- Supplemental shares (1)............... -- -- 172 ---------- --------- ------- Total common stock and common stock equivalents..................... 4,902 4,886 3,834 ========== ========= ======= Net income / (loss) per common share..... $ (0.16) $ 0.38 ========== ========= Pro forma net income per common share...................... $ 0.26 ======= (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. -46-