STATEMENT SHOWING CALCULATION OF AVERAGE COMMON
Published on May 15, 1995
EXHIBIT 11
BARRETT BUSINESS SERVICES, INC.
STATEMENT SHOWING CALCULATION OF AVERAGE
COMMON SHARES OUTSTANDING
Three Months
Ended
Mar. 31, 1995
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Primary Earnings Per Share:
Weighted average number of shares 6,443,317
Stock option plan shares to be issued at prices
ranging from $3.50 to $14.00 per share 327,631
Warrant issues at a price of $4.20 per share 124,444
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 (171,911)
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Total Primary Shares 6,723,481
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Fully Diluted Earnings Per Share:
Weighted average number of shares 6,443,317
Stock option plan shares to be issued at
prices ranging from $3.50 to $14.00 per share 327,631
Warrant issues at a price of $4.20 per share 124,444
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 (171,911)
----------
Total Diluted Shares 6,723,481
==========
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.