1
EXHIBIT 11.1
Statement Re: Computation of Per Share Loss of Administaff, Inc.
Three months
ended March 31,
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1996 1997
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Primary
Average shares outstanding........................... 10,726 12,478
Net effect of dilutive stock options -- based on the
treasury stock method using average market price... * *
Net effect of dilutive stock warrants -- based on the
treasury stock method using average market price... * *
Net effect of dilutive stock warrants -- based on the
if-converted method................................ * *
Adjustment to give effect to shares optioned to
employees within 12 months of the initial filing on
Form S-1 of an initial public offering as
outstanding as of the beginning of each period
presented based on the treasury stock method using
the offering price................................. 113 --
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Total................................................ 10,839 12,478
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Net loss............................................. ($909) ($7)
Add interest from subordinated debt, net of taxes.... * *
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Net loss available for common shareholders........... ($909) ($7)
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Per share amount..................................... ($0.08) $0.00
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Fully Diluted
Average shares outstanding........................... 10,726 12,478
Net effect of dilutive stock options -- based on the
treasury stock method using ending market price.... * *
Net effect of dilutive stock warrants -- based on the
treasury stock method using ending market price.... * *
Net effect of dilutive stock warrants -- based on the
if-converted method................................ * *
Adjustment to give effect to shares optioned to
employees within 12 months of the initial filing on
Form S-1 of an initial public offering as
outstanding as of the beginning of each period
presented based on the treasury stock method using
the offering price................................. 113 --
------------------------
Total................................................ 10,839 12,478
========================
Net loss............................................. ($909) ($7)
Add interest from subordinated debt, net of taxes.... * *
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Net loss available for common shareholders........... ($909) ($7)
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Per share amount..................................... ($0.08) $0.00
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* Conversion of the stock warrants and options is not assumed in the
computation because their effect is antidilutive.