APAC TELESERVICES, INC. EXHIBIT (11) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED JUNE 30, JULY 2, JUNE 30, JULY 2, 1996 1995 1996 1995 (000's omitted, except for per share data) Primary shares: Average shares outstanding 46,240 39,600 46,220 39,600 Net effect of dilutive stock options - based upon the treasury stock method using average market price 1,820 486 1,649 486 Totals 48,060 40,086 47,869 40,086 Fully diluted shares: Average shares outstanding 46,240 39,600 46,220 39,600 Net effect of dilutive stock options - based upon the treasury stock method using quarter-end market price 1,820 486 1,832 486 Totals 48,060 40,086 48,052 40,086 Net income $7,121 $2,972 $11,836 $5,498 Pro forma income data: Net income as reported $2,972 $5,498 Pro forma adjustment to recognize "C" corporation provision for income taxes (1,164) (2,153) Pro forma net income $1,808 $3,345 Primary per share amounts: Net income as reported $0.15 $0.07 $0.25 $0.13 Pro forma adjustment - (0.03) - (0.05) Net income as adjusted $0.15 $0.04 $0.25 $0.08 Fully diluted per share amounts: Net income as reported $0.15 $0.07 $0.25 $0.13 Pro forma adjustment - (0.03) - (0.05) Net income as adjusted $0.15 $0.04 $0.25 $0.08