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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1999 1998 1999 1998
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Common stock:
Weighted average common
shares outstanding:
Class A shares 17,221 17,888 17,595 17,811
Class B shares 4,785 4,798 4,794 4,807
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Basic weighted average common
shares outstanding 22,006 22,686 22,389 22,618
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) 13 1,799 920 1,996
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Diluted weighted average common
shares outstanding for
earnings per share - 22,019 24,485 23,309 24,614
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Net earnings (loss) $ 1,013 $ 1,869 $ (37,711) $ 5,221
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Basic net earnings(loss)per common share $ .05 $ .08 $ (1.68) $ .23
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Diluted net earnings(loss)per common share* $ .05 $ .08 $ (1.68) $ .21
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*Diluted weighted average common shares outstanding are not included in the nine
months ended January 31, 1999 calculations due to the anti-dilution of the net
loss per share.
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