APAC TELESERVICES, INC. EXHIBIT (11) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THIRTEEN WEEKS ENDED MARCH 31, APRIL 2, 1996 1995 (000's omitted, except for per share data) Primary shares: Average shares outstanding 46,200 39,600 Net effect of dilutive stock options - based upon the treasury stock method using average market price 1,478 486 Totals 47,678 40,086 Fully diluted shares: Average shares outstanding 46,200 39,600 Net effect of dilutive stock options - based upon the treasury stock method using quarter-end market price 1,843 486 Totals 48,043 40,086 Net income $ 4,715 $ 2,526 Pro forma income data: Net income as reported $ 2,526 Pro forma adjustment to recognize "C" corporation provision for income taxes (989) Pro forma net income $ 1,537 Primary per share amounts: Net income as reported $ 0.10 $ 0.06 Pro forma adjustment - (0.02) Net income as adjusted $ 0.10 $ 0.04 Fully diluted per share amounts: Net income as reported $ 0.10 $ 0.06 Pro forma adjustment - (0.02) Net income as adjusted $ 0.10 $ 0.04