EXHIBIT 11.1 - COMPUTATION OF PER SHARE EARNINGS
THE BISYS GROUP, INC. AND SUBSIDIARIES
For the Years Ended June 30, 1996, 1995 and 1994
(In thousands, except per share data)
1996 1995 1994
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Primary:
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Net earnings (loss) attributable to common stock $18,024 ($6,484) $18,891
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Weighted average number of common shares outstanding 23,704 22,819 20,249
Common shares issuable under stock option plans 2,944 2,694 2,725
Less shares assumed repurchased with proceeds (1,580) (1,332) (502)
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Weighted average number of common and common
equivalent shares outstanding 25,068 24,181 22,472
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Net earnings (loss) per common share $0.72 ($0.27) $0.84
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Fully Diluted:
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Net earnings (loss) attributable to common stock $18,024 ($6,484) $18,891
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Weighted average number of common shares outstanding 23,704 22,819 20,249
Common shares issuable under stock option plans 2,944 2,694 2,725
Less shares assumed repurchased with proceeds (1,256) (1,332) (502)
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Weighted average number of common and common
equivalent shares outstanding 25,392 24,181 22,472
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Net earnings (loss) per common share $0.71 ($0.27) $0.84
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