EXHIBIT 11
COMPUTER TASK GROUP, INCORPORATED
COMPUTATION OF DILUTED EARNINGS PER SHARE
UNDER THE TREASURY STOCK METHOD SET FORTH IN
STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 128
"EARNINGS PER SHARE"
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
QUARTER ENDED TWO QUARTERS ENDED
JUNE 28, JUNE 29, JUNE 28, JUNE 29,
2002 2001* 2002 2001*
-------- -------- -------- --------
Weighted-average number of shares
outstanding during period 16,557 16,418 16,545 16,401
Add Common Stock equivalents -
incremental shares under stock option plans 472 -- 455 --
-------- -------- -------- --------
Number of shares on which diluted
earnings per share is based 17,029 16,418 17,000 16,401
======== ======== ======== ========
Net income (loss) for the period $ 671 $ (1,357) $(35,918) $ (2,737)
======== ======== ======== ========
Diluted income (loss) per share $ 0.04 $ (0.08) $ (2.11) $ (0.17)
Basic income (loss) per share $ 0.04 $ (0.08) $ (2.17) $ (0.17)
* As the Company had a net loss from continuing operations for the period
presented, the number of incremental shares under the Company's stock
option plans is considered to be zero as the inclusion of such shares
would cause the diluted loss per share calculation to be anti-dilutive.
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