EXHIBIT 11 AMERICAN BUSINESS INFORMATION, INC. AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS For the three and nine months ended September 30, 1996 and 1995 (In thousands, except per share amounts) Three Months Ended Nine Months Ended September 30 September 30 ------------------ ----------------- 1996 1995 1996 1995 -------- -------- -------- -------- Average shares outstanding..................................... 20,840 20,768 20,808 20,725 Net additional common equivalent shares........................ 187 639 187 469 -------- ------- ------- ------- Average number of common and common equivalent shares outstanding............................................ 21,027 21,407 20,995 21,194 ======== ======= ======= ======= Net income for per share computation........................... $(10,608) $ 4,104 $(1,523) $10,301 ======== ======= ======= ======= Net income per average common and common equivalent share outstanding (1)............................. $ (0.50) $ 0.19 $ (0.07) $ 0.49 ======== ======= ======= ======= - ---------------- (1) This calculation is submitted pursuant to Regulation S-K item 601(b)(11) although not required by footnote 2 to paragraph 14 of APB Opinion No. 15 because it will result in dilution of less than 3 percent.