1 EXHIBIT 11.2 NORRELL CORPORATION AND SUBSIDIARIES COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (Dollars and shares in thousands, except per share amounts) Three Months Ended Twelve Months Ended ------------------------- ------------------------- October 27, October 29, October 27, October 29, 1996 1995 1996 1995 ---- ---- ---- ---- INCOME AVAILABLE TO COMMON SHARES FULLY DILUTED: Income from continuing operations $ 7,275 $ 4,839 $ 25,257 $ 17,326 Loss from discontinued operations - - - (348) -------- -------- -------- -------- Net income applicable to common stock $ 7,275 $ 4,839 $ 25,257 $ 16,978 ======== ======== ======== ======== Weighted Average Shares Fully Diluted: Common shares 23,540 23,162 23,407 23,040 Common share equivalents applicable to stock options 2,216 1,494 1,937 1,626 -------- -------- -------- -------- Total 25,756 24,656 25,344 24,666 ======== ======== ======== ======== EARNINGS PER SHARE (A) FULLY DILUTED: Income from continuing operations $ 0.28 $ 0.20 $ 1.00 $ 0.70 Loss from discontinued operations - - - (0.01) -------- -------- -------- -------- Net income applicable to common stock $ 0.28 $ 0.20 $ 1.00 $ 0.69 ======== ======== ======== ======== (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%.