Exhibit 11.1
INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
2002 2001 2000
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Numerator:
Income from continuing operations $2,623,415 $4,011,120 $3,712,828
Income from discontinued operations $0 $0 $129,374
Gain on disposal of discontinued segment $0 $0 $335,181
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Net income $2,623,415 $4,011,120 $4,177,383
Denominator:
Denominator for basic earnings per share -
weighted-average shares 9,174,831 9,462,166 8,829,182
Effect of dilutive securities:
Employee stock options 57,788 210,667 454,364
Denominator for diluted earnings per share
adjusted weighted-average shares and
assumed conversions 9,232,619 9,672,833 9,283,546
Basic earnings per share:
Income from continuing operations $0.29 $0.42 $0.42
Income from discontinued operations $0.00 $0.00 $0.01
Gain on disposal of discontinued segment $0.00 $0.00 $0.04
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Net income $0.29 $0.42 $0.47
Diluted earnings per share:
Income from continuing operations $0.28 $0.41 $0.40
Income from discontinued operations $0.00 $0.00 $0.01
Gain on disposal of discontinued segment $0.00 $0.00 $0.04
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Net income $0.28 $0.41 $0.45