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EXHIBIT 11.1
DYNAMEX INC. AND SUBSIDIARIES
CALCULATION OF NET INCOME PER COMMON SHARE
(IN THOUSANDS EXCEPT PER SHARE DATA)
Years ending July 31,
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1998 1997 1996
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Net Income $ 3,378 $ 3,512 $ 876
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Weighted Average Common Shares Outstanding 7,937 6,670 2,543
Common Share Equivalents Related to Options
and Warrants 199 169 1,189
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Common Shares and Common Share Equivalents 8,136 6,839 3,732
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Common Stock Price used under Treasury Stock
Method $ 10.82 $ 8.89 $ 8.00
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Net Income per Common Share:
Basic $ 0.43 $ 0.53 $ 0.34
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Diluted $ 0.42 $ 0.51 $ 0.23
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