EXHIBIT 11
AMERICAN SOFTWARE, INC. AND SUBSIDIARIES
Statement re: computation of Per Share Earnings (loss)
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
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October 31, October 31,
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1999 1998 1999 1998
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Common stock:
Weighted average common
shares outstanding:
Class A shares 16,672 17,731 16,751 17,820
Class B shares 4,768 4,798 4,768 4,798
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Basic weighted average common
shares outstanding 21,440 22,530 21,519 22,619
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) 473 170 578 1,082
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Diluted weighted average common
shares outstanding for
earnings per share - 21,913 22,700 22,097 23,701
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Net earnings (loss) $ 1,003 $(33,318) $ 1,907 $(38,724)
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Basic net earnings(loss)per common share $ 0.05 $ (1.48) $ 0.09 $ (1.71)
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Diluted net earnings(loss)per common share* $ 0.05 $ (1.48) $ 0.09 $ (1.71)
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*Diluted weighted average common shares outstanding are not included in the
quarter ended and six months ended October 31, 1998 calculations due to the
anti-dilution of the net loss per share.