EXHIBIT 11
BARRETT BUSINESS SERVICES, INC.
STATEMENT SHOWING CALCULATION OF AVERAGE
COMMON SHARES OUTSTANDING
Three Months Six Months
Ended Ended
June 30, 1994 June 30, 1994
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Primary Earnings Per Share:
Weighted average number of shares 6,328,000 6,321,238
Stock option plan shares to be issued at prices
of $3.50 to $13.563 per share 370,527 314,707
Warrant issues at a price of $4.20 per share200,000200,000
Less:Assumed purchase at average market price
during the period using proceeds received
upon exercise of options and purchase of
stock, and using tax benefits of compensation
due to premature dispositions (276,452) (255,595)
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Total Primary Shares 6,622,075 6,580,350
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Fully Diluted Earnings Per Share:
Weighted average number of shares 6,328,000 6,321,238
Stock option plan shares to be issued at a
price of $3.50 to $13.563 per share370,527 314,707
Warrant issues at a price of $4.20 per share200,000200,000
Less:Assumed purchase at the higher of ending
or average market price during the period
using proceeds received upon exercise of
options and purchase of stock, and using
tax benefits of compensation due to pre-
mature dispositions (276,452) (255,595)
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Total Diluted Shares 6,622,075 6,580,350
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Note:As the effect of common stock equivalents upon the weighted average common stock earnings per share
calculation is greater than 3%, earnings per share are based on the weighted average number of common stock
and common stock equivalents outstanding during the period.