EXHIBIT 11.1
QUICKRESPONSE SERVICES, INC.
COMPUTATION OF EARNINGS PER SHARE
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------------- -------------------------
1997 1996 1997 1996
--------- --------- --------- ---------
PRIMARY SHARES
Weighted average common shares outstanding 8,488,553 8,365,393 8,450,616 8,335,330
Common equivalent shares outstanding 273,794 253,510 261,531 251,515
--------- --------- --------- ---------
8,762,347 8,618,903 8,712,147 8,586,845
--------- --------- --------- ---------
--------- --------- --------- ---------
Net earnings $2,254 $1,713 $6,274 $4,595
--------- --------- --------- ---------
--------- --------- --------- ---------
Earnings per common and common equivalent share $0.26 $0.20 $0.72 $0.54
--------- --------- --------- ---------
--------- --------- --------- ---------
14