EX-11.1 3 l03437aexv11w1.txt EX-11.1 COMPUTATION OF EARNINGS PER SHARE 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 THREE QUARTERS ENDED SEPT. 26, SEPT. 27, SEPT. 26, SEPT. 27, 2003 2002 2003 2002 ------- ------- ------- ---------- Weighted-average number of shares outstanding during period 16,677 16,575 16,649 16,555 Common stock equivalents - Incremental shares under stock options plans 140 238 116 383 ------- ------- ------- ---------- Number of shares on which diluted earnings per share is based 16,817 16,813 16,765 16,938 ======= ======= ======= ========== Net income before cumulative effect of change in accounting principle $ 340 $ 141 $ 928 $ 1,261 Cumulative effect of change in accounting principle -- -- -- (37,038) ------- ------- ------- ---------- Net income (loss) $ 340 $ 141 $ 928 $ (35,777) ======= ======= ======= ========== Basic net income (loss) per share --------------------------------- Net income before cumulative effect of change in accounting principle $ 0.02 $ 0.01 $ 0.06 $ 0.08 Cumulative effect of change in accounting principle -- -- -- (2.24) ------- ------- ------- ---------- Basic net income (loss) per share $ 0.02 $ 0.01 $ 0.06 $ (2.16) ======= ======= ======= ========== Diluted net income (loss) per share ----------------------------------- Net income before cumulative effect of change in accounting principle $ 0.02 $ 0.01 0.06 $ 0.08 Cumulative effect of change in accounting principle -- -- -- (2.19) ------- ------- ------- ---------- Diluted net income (loss) per share $ 0.02 $ 0.01 $ 0.06 $ (2.11) ======= ======= ======= ==========
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