EXHIBIT 11
USCS INTERNATIONAL, INC.
COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT PER SHARE DATA)
THREE MONTHS ENDED TWELVE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
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1997 1996 1997 1996
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Weighted average number of common shares outstanding during the
period............................................................... 23,118 23,060 23,164 21,178
Common stock equivalents considered to be outstanding for the periods
presented............................................................ 803 979 1,039 897
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23,921 24,039 24,203 22,075
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Net income............................................................ $ 6,014 $ 4,775 $ 22,460 $ 14,509
Earnings per share:
Basic............................................................... $0.26 $0.21 $0.97 $0.69
Diluted............................................................. $0.25 $0.20 $0.93 $0.66
Note: Earnings per share calculations have been restated to reflect application
of Statement of Financial Accounting Standards No. 128 "Earnings per Share" and
the Securities and Exchange Commission Staff Accounting Bulletin No. 98.
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