1 EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS COMPLETE BUSINESS SOLUTIONS, INC. AND SUBSIDIARIES PRO FORMA OR ACTUAL NET INCOME PER COMMON SHARE (UNAUDITED) Three Months Ended September 30, ---------------------- 2000 1999 -------- -------- Weighted average number of shares of Common Stock outstanding........... 33,949 37,593 Common Stock equivalents calculated using the weighted average stock price per share for the periods presented.......................... -- 576 -------- -------- Weighted average shares outstanding..................................... 33,949 38,169 ======== ======== Actual net income (loss) available for common shareholders.............. $ (4,836) $ 8,244 ======== ======== Actual basic earnings per common share.................................. $ (0.14) $ 0.22 ======== ======== Actual fully diluted earnings per common share.......................... $ (0.14) $ 0.22 ======== ======== Nine Months Ended September 30, ---------------------- 2000 1999 -------- -------- Weighted average number of shares of Common Stock outstanding........... 33,949 37,157 Common Stock equivalents calculated using the weighted average stock price per share for the periods presented.......................... -- 994 -------- -------- Weighted average shares outstanding..................................... 33,949 38,151 ======== ======== Actual net income (loss) available for common shareholders.............. $(26,050) $ 25,740 ======== ======== Actual basic earnings per common share.................................. $ (0.74) $ 0.69 ======== ======== Actual fully diluted earnings per common share.......................... $ (0.74) $ 0.67 ======== ========