EX-11 3 ex11-1.txt COMPUTATIONS OF EARNINGS FOR UFS, INC. EXHIBIT 11.1 UNIFIED FINANCIAL SERVICES, INC. EARNINGS PER SHARE CALCULATION THREE MONTHS ENDED MARCH 31, ------------------------------- 2003 2002 ------------ ----------- INCOME AVAILABLE TO COMMON STOCKHOLDERS Net income loss...................................... $ 9,651 $ (7,048) ----------- ----------- CALCULATION OF COMMON STOCK Common shares outstanding at beginning of period......................................... 2,844,246 2,877,634 ----------- ----------- Repurchase of shares during period................... (15,000) -- ----------- ----------- Common shares used in basic calculation........... 2,829,246 2,877,634 ----------- ----------- Common stock equivalent of dilutive options.......... -- -- ----------- ----------- Common shares used in fully diluted calculation... 2,829,246 2,877,634 ----------- ----------- INCOME/(LOSS) PER SHARE Basic.................................................. $ -- $ -- ========== ========== Fully diluted........................................ $ -- $ -- ========== ==========