EXHIBIT 11
BARRETT BUSINESS SERVICES, INC.
STATEMENT OF CALCULATION OF AVERAGE
COMMON SHARES OUTSTANDING
Three Months Year
Ended Ended
Dec. 31, 1995 Dec. 31, 1995
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Primary Earnings Per Share:
Weighted average number of shares 6,490,411 6,474,055
Stock option plan shares to be issued
at prices ranging from $3.50 to
$16.363 per share 448,360 349,078
Warrant issues at a price of
$4.20 per share 90,000 98,611
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 (339,360) (242,137)
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Total Primary Shares 6,689,411 6,679,607
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Fully Diluted Earnings Per Share:
Weighted average number of shares 6,490,411 6,474,055
Stock option plan shares to be issued
at prices ranging from $3.50 to
$16.363 per share 448,360 349,078
Warrant issues at a price of $4.20
per share 90,000 98,611
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 premature dispositions (332,367) (232,254)
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Total Diluted Shares 6,696,404 6,689,490
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