EXHIBIT 11.1 DIVERSIFIED CORPORATE RESOURCES, INC. AND SUBSIDIARIES STATEMENT REGARDING EARNINGS PER SHARE FOR THE YEARS ENDED DECEMBER 31, 1996, 1995, AND 1994 PRIMARY 1996 1995 1994 - ------- ---------- ---------- ---------- SHARES OUTSTANDING: Weighted average number of shares outstanding 1,701,823 1,758,211 1,758,211 Net effect of dilutive stock options (1) 112,193 -- -- ---------- ---------- ---------- Total 1,814,016 1,758,211 1,758,211 ========== ========== ========== Income before extraordinary item $1,538,812 $ 285,872 $ 16,264 ========== ========== ========== Earnings per common share before extraordinary item $ 0.84 $ 0.16 $ 0.01 ========== ========== ========== Income from extraordinary item $ 246,125 $ 174,811 $ 208,212 ========== ========== ========== Earnings per common share from extraordinary item $ 0.14 $ 0.10 $ 0.12 ========== ========== ========== Net income $1,784,937 $ 460,683 $ 224,476 ========== ========== ========== Net income per common share $ 0.98 $ 0.26 $ 0.13 ========== ========== ========== FULLY DILUTED SHARES OUTSTANDING: Weighted average number of shares outstanding 1,701,823 1,758,211 1,758,211 Net effect of dilutive stock options (1) 158,461 -- -- ---------- ---------- ---------- Total 1,860,284 1,758,211 1,758,211 ========== ========== ========== Income before extraordinary item $1,538,812 $ 285,872 $ 16,264 ========== ========== ========== Earnings per common share before extraordinary item $ 0.83 $ 0.16 $ 0.01 ========== ========== ========== Income from extraordinary item $ 246,125 $ 174,811 $ 208,212 ========== ========== ========== Earnings per common share from extraordinary item $ 0.13 $ 0.10 $ 0.12 ========== ========== ========== Net income $1,784,937 $ 460,683 $ 224,476 ========== ========== ========== Net income per common share $ 0.96 $ 0.26 $ 0.13 ========== ========== ========== (1) The effects of dilutive stock options are based upon the treasury stock method using average market price during the period for primary amounts, and the higher of average market price or the market price at the end of the period for fully diluted amounts.