1 EXHIBIT 11 INSIGHT ENTERPRISES, INC. COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS EXCEPT PER SHARE DATA AND SHARE AMOUNTS) Years ended December 31, ------------------------------------------- 1999 1998 1997 ---- ---- ---- BASIC EARNINGS PER SHARE: Net earnings................................... $33,587 $20,450 $13,218 ======= ======= ======= Weighted average shares: Common shares outstanding....................... 25,787,624 24,234,358 22,944,695 ========== ========== ========== Shares used is basic earnings per share......... 25,787,624 24,234,359 22,944,695 ========== ========== ========= Basic earnings per share.......................... $1.30 $0.84 $0.58 ===== ===== ===== Years ended December 31, ---------------------------------------- 1999 1998 1997 --------- ---------- ---------- DILUTED EARNINGS PER SHARE: Net earnings......................... $33,587 $20,450 $13,218 ======= ======= ======= Weighted average shares: Common shares outstanding............ 25,787,624 24,234,358 22,944,695 Common equivalent shares issuable upon exercise of employee stock options........................ 1,150,682 1,092,674 1,150,045 --------- --------- --------- Shares used in diluted earnings per share................................ 26,938,306 25,327,032 24,094,740 ========== ========== ========== Diluted earnings per share............. $1.25 $0.81 $0.55 ===== ===== ===== Earnings per share are restated to include the impact of Financial Accounting Standards Board Statement No. 128 and the effect of 3-for-2 stock splits in the form of stock dividends paid on February 18, 1999, September 8, 1998 and September 17, 1997.