EXHIBITS APAC TELESERVICES, INC. AND SUBSIDIARIES EXHIBIT (11) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED ------------------------------ ----------------------------- SEPTEMBER 27, SEPTEMBER 28, SEPTEMBER 27, SEPTEMBER 28, 1998 1997 1998 1997 --------------- -------------- -------------- -------------- (000's omitted, except per share data) Basic shares: Average shares outstanding 48,505 47,637 48,773 46,983 Net income $3,423 $2,018 $4,752 $19,104 =============== ============== ============== ============== Net income per share $0.07 $0.04 $0.10 $0.40 =============== ============== ============== ============== Diluted shares: Average shares outstanding 48,505 47,637 48,773 46,983 Net effect of dilutive stock options based upon the treasury stock method using quarter-end market price 451 1,173 817 1,210 --------------- -------------- -------------- -------------- Total shares 48,956 48,810 49,590 48,193 =============== ============== ============== ============== Net income $3,423 $2,018 $4,752 $19,104 =============== ============== ============== ============== Net income per share $0.07 $0.04 $0.10 $0.40 =============== ============== ============== ==============