1 EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS BGS SYSTEMS, INC. FOR THE YEAR ENDED JANUARY 31 ---------------------------------------- 1996 1995 1994 ---------- ---------- ---------- PRIMARY Average shares outstanding............................. 3,111,710 3,100,823 3,173,604 Net effect of stock options, if dilutive, based on treasury stock method using the year-end market price, if higher..................................... 20,335 15,787 49,665 ========== ========== ========== TOTAL........................................ 3,132,045 3,116,610 3,223,269 ========== ========== ========== Net income............................................. $7,981,917 $7,405,299 $7,195,059 ========== ========== ========== Net income per share................................... $ 2.55 $ 2.38 $ 2.23 ========== ========== ========== FULLY DILUTED Average shares outstanding............................. 3,111,710 3,100,823 3,173,604 Net effect of stock options, if dilutive, based on treasury stock method using the year end market price if higher than the average market price.............. 23,610 15,787 49,665 ========== ========== ========== TOTAL........................................ 3,135,320 3,116,610 3,223,269 ========== ========== ========== Net income............................................. $7,981,917 $7,405,299 $7,195,059 ========== ========== ========== Net income per share................................... $ 2.55 $ 2.38 $ 2.23 ========== ========== ==========