1 Exhibit 11.1 ON ASSIGNMENT, INC. STATEMENT OF COMPUTATION OF DILUTED EARNINGS PER SHARE Years Ended December 31, --------------------------------------------------------- 1995 1996 1997 ----------- ----------- ----------- Net income used to compute basic and diluted earnings per share $ 4,341,000 $ 5,606,000 $ 8,266,000 =========== =========== =========== Basic earnings per share $ 0.44 $ 0.55 $ 0.78 =========== =========== =========== Weighted average number of shares outstanding used to compute basic earnings per share 9,974,000 10,207,000 10,561,000 Dilutive effect of stock options and warrants 556,000 691,000 470,000 ----------- ----------- ----------- Number of shares used to compute diluted earnings per share 10,530,000 10,898,000 11,031,000 =========== =========== =========== Diluted earnings per share $ 0.41 $ 0.51 $ 0.75 =========== =========== =========== 36