EXHIBITS APAC TELESERVICES, INC. EXHIBIT (11)--STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED SEPTEMBER 29, OCTOBER 1, SEPTEMBER 29, OCTOBER 1, 1996 1995 1996 1995 (000's omitted, except for per share data) Primary shares: Average shares outstanding 46,342 39,600 46,261 39,600 Net effect of dilutive stock options - based upon the treasury stock method using average market price 1,774 486 1,554 486 Totals 48,116 40,086 47,815 40,086 Fully diluted shares: Average shares outstanding 46,342 39,600 46,261 39,600 Net effect of dilutive stock options - based upon the treasury stock method using quarter-end market price 2,150 486 1,938 486 Totals 48,492 40,086 48,199 40,086 Net income $8,620 $2,231 $20,456 $7,729 Pro forma income data: Net income as reported $2,231 $7,729 Pro forma adjustment to recognize C corporation income taxes (877) (3,030) Pro forma net income $1,354 $4,699 Primary per share amounts: Net income as reported $0.18 $0.05 $0.43 $0.19 Pro forma adjustment - (0.02) - (0.07) Net income as adjusted $0.18 $0.03 $0.43 $0.12 Fully diluted per share amounts: Net income as reported $0.17 $0.05 $0.42 $0.19 Pro forma adjustment - (0.02) - (0.07) Net income as adjusted $0.17 $0.03 $0.42 $0.12