1 EXHIBIT 11 Three Months Ended Three Months Ended June 30, 1997 June 30, 1997 --------------------------- --------------------------- Primary Fully Diluted Primary Fully Diluted ---------- ------------- ----------- ------------- Net income $ 3,451,944 $ 3,451,944 $ 5,583,193 $ 5,583,193 =========== =========== =========== =========== Weighted-average shares: Shares outstanding at beginning of period 13,600,835 13,600,835 13,417,012 13,417,012 Shares issued in conjunction with acquisitions: 183,823 shares issued for Flexible in March 1997 - - 123,903 123,903 690,855 shares issued for Global in April 1997 690,855 690,855 347,336 347,336 23,263 shares issued for Kleven in June 1997 7,669 7,669 3,856 3,856 193,860 shares issued for Sterling in June 1997 63,910 63,910 32,131 32,131 Outstanding options considered common stock equivalents 258,676 473,578 178,672 432,509 Other 55,431 55,431 55,351 55,351 ----------- ----------- ----------- ----------- Total weighted-average shares 14,677,376 14,982,278 14,158,260 14,412,097 =========== =========== =========== =========== Earnings per share $ 0.24 $ 0.23 $ 0.39 $ 0.39 =========== =========== =========== =========== Note: Reference is made to Note 5 of the Staffmark, Inc. Notes to Pro Forma Statements of Income contained in this Form 10-Q.