EX-11.1 4 dex111.htm COMPUTATION OF PER SHARE EARNINGS. Computation of Per Share Earnings.

Exhibit 11.1

 

INTEGRAL SYSTEMS INC. AND SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

 

    

Three Months Ended

June 30,

   

Nine Months Ended

June 30,

     2005
    2004
    2005
    2004

Numerator:

                            

Net Income

    $ 1,863,650    $ 1,384,418    $ 5,098,507    $ 4,338,464

Denominator:

                            

Denominator for basic earnings per share-weighted-average shares

      10,392,973      9,950,330      10,232,203      9,879,034

Effect of dilutive securities:

                            

Employee stock options

      236,979      149,626      191,982      174,222

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

      10,629,952      10,099,956      10,424,185      10,053,256

Basic earnings per share

    $ 0.18    $ 0.14    $ 0.50    $ 0.44

Diluted earnings per share

    $ 0.18    $ 0.14    $ 0.49    $ 0.43