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

 

    

Three Months Ended

March 31,

  

Six Months Ended

March 31,

     2007    2006    2007    2006

Numerator:

           

Net Income

   $ 2,141,775      3,543,656    $ 4,200,777    $ 6,614,110

Denominator:

           

Denominator for basic earnings per share-weighted-average shares

     11,105,575      10,874,278      11,082,524      10,772,462

Effect of dilutive securities:

           

Employee stock options

     36,163      159,407      51,209      124,918

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

     11,141,738      11,033,685      11,133,733      10,897,380

Basic earnings per share

   $ 0.19    $ 0.33    $ 0.38    $ 0.61

Diluted earnings per share

   $ 0.19    $ 0.32    $ 0.38    $ 0.61