EX-11.1 3 dex111.htm EXHIBIT 11.1 Exhibit 11.1

Exhibit 11.1

 

INTEGRAL SYSTEMS INC. AND SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

(unaudited)

 

    

Three Months Ended

December 31,

     2003
    2002

Numerator:

              

Net Income

    $ 1,173,811    $ 849,808

Denominator:

              

Denominator for basic earnings per share-weighted-average shares

      9,730,977      9,699,729

Effect of dilutive securities:

              

Employee stock options

      63,680      43,710

Contingently issuable shares

      209,926      —  

Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions

      10,004,583      9,743,439

Basic earnings per share

    $ 0.12    $ 0.09

Diluted earnings per share

    $ 0.12    $ 0.09