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EXHIBIT 11
NORRELL CORPORATION AND SUBSIDIARIES
COMPUTATION OF PRIMARY EARNINGS PER SHARE
(Dollars and shares in thousands, except per share amounts)
Three Months Ended Six Months Ended
------------------ ------------------
April 28, April 30, April 28, April 30,
1996 1995 1996 1995
---- ---- ---- ----
Income Available to Common Shares
Primary:
Net income applicable to common stock $ 6,033 $ 3,981 $11,004 $ 7,780
================= =================
Weighted Average Shares
Primary:
Common shares 22,368 21,912 22,318 22,042
Common share equivalents applicable to 1,560 1,324 1,534 1,280
stock options ----------------- -----------------
Total 23,928 23,236 23,852 23,322
================= =================
Earnings Per Share
Primary:
Net income applicable to common stock $ 0.25 $ 0.17 $ 0.46 $ 0.33
================= =================
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EXHIBIT 11
NORRELL CORPORATION AND SUBSIDIARIES
COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE
(Dollars and shares in thousands, except per share amounts)
Three Months Ended Six Months Ended
------------------ -------------------
April 28, April 30, April 28, April 30,
1996 1995 1996 1995
---- ---- ---- ----
Income Available to Common Shares
Fully Diluted:
Net income applicable to common stock $ 6,033 $ 3,981 $11,004 $ 7,780
================= =================
Weighted Average Shares
Fully Diluted:
Common shares 22,368 21,912 22,318 22,042
Common share equivalents applicable to 1,864 1,456 1,888 1,498
stock options ----------------- -----------------
Total 24,232 23,368 24,206 23,540
================= =================
Earnings Per Share (a)
Fully Diluted:
Net income applicable to common stock $ 0.25 $ 0.17 $ 0.45 $ 0.33
================= =================
(a) This calculation is submitted in accordance with Regulation S-K 601(b)(11)
although not required by footnote 2 to paragraph 14 of APB Opinion No. 15
because it results in dilution of less than 3%.
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