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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
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April 27, April 28, April 27, April 28,
1997 1996 1997 1996
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INCOME AVAILABLE TO COMMON SHARES
PRIMARY:
Net income applicable to common stock $ 8,479 $ 6,249 $15,680 $11,363
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WEIGHTED AVERAGE SHARES
PRIMARY:
Common shares 23,959 23,369 23,839 23,318
Common share equivalents applicable to stock options 1,985 1,560 1,998 1,534
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Total 25,944 24,929 25,837 24,852
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EARNINGS PER SHARE
PRIMARY:
Net income applicable to common stock $ 0.33 $ 0.25 $ 0.61 $ 0.45
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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
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April 27, April 28, April 27, April 28,
1997 1996 1997 1996
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INCOME AVAILABLE TO COMMON SHARES
FULLY DILUTED:
Net income applicable to common stock $ 8,479 $ 6,249 $15,680 $11,363
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WEIGHTED AVERAGE SHARES
FULLY DILUTED:
Common shares 23,959 23,369 23,839 23,318
Common share equivalents applicable to stock options 1,985 1,864 1,998 1,888
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Total 25,944 25,233 25,837 25,206
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EARNINGS PER SHARE (A)
FULLY DILUTED:
Net income applicable to common stock $ 0.33 $ 0.25 $ 0.61 $ 0.45
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(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%.