EXHIBIT 11.1
AMERICAN SOFTWARE, INC. AND SUBSIDIARIES
Statement re: computation of Per Share Earnings (loss)
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
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January 31, January 31,
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2000 1999 2000 1999
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Common stock:
Weighted average common
shares outstanding:
Class A shares 16,723 17,221 16,753 17,595
Class B shares 4,753 4,785 4,753 4,794
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Basic weighted average common
shares outstanding 21,476 22,006 21,506 22,389
Dilutive effect of outstanding
Class A common stock
options (as determined by
the application of the treasury
stock method using the
average market price for
the period) 1,943 13 1,258 920
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Diluted weighted average common
shares outstanding for
earnings per share - 23,419 22,019 22,764 23,309
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Net earnings (loss) $ (418) $ 1,013 $ 1,489 $(37,711)
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Basic net earnings(loss)per common share $ (0.02) $ .05 $ 0.07 $ (1.68)
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Diluted net earnings(loss)per common share* $ 0.02) $ .05 $ 0.07 $ (1.68)
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* Diluted weighted average common shares outstanding are not included in the
quarter ended January 31, 2000 and nine months ended January 31, 1999
calculations due to the anti-dilution of the net loss per share.