National Computer Systems Inc – ‘10-K’ for 1/31/95 – EX-11

As of:  Thursday, 4/27/95   ·   For:  1/31/95   ·   Accession #:  69999-95-5   ·   File #:  0-03713

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         15±    69K 
 2: EX-10.1     Material Contract                                      7±    29K 
 3: EX-10.2     Material Contract                                      3±    11K 
 4: EX-10.3     Material Contract                                      7±    29K 
 5: EX-11       Statement re: Computation of Earnings Per Share        2±     9K 
 6: EX-13       Annual or Quarterly Report to Security Holders        24±   111K 
 7: EX-21       Subsidiaries of the Registrant                         1      5K 
 8: EX-23       Consent of Experts or Counsel                          1      7K 
 9: EX-24       Power of Attorney                                      1      9K 
10: EX-27       Financial Data Schedule (Pre-XBRL)                     1      9K 

EX-11   —   Statement re: Computation of Earnings Per Share

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                                                                     EXHIBIT 11                                     

                STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE                                                     

                        NATIONAL COMPUTER SYSTEMS, INC.                                                             



                                                                       YEAR ENDED JANUARY 31                        

                                              ----------------------------------------------------------------------
                                                  1995          1994           1993            1992          1991   
                                              ===========   ===========    ===========     ===========   ===========
                                                              (In Thousands, Except Per Share Amounts)              

                                                                                                                    

PRIMARY                                                                                                             
  Average shares outstanding                      15,164         15,438         15,915         16,002         15,891
  Dilutive stock options -- based                                                                                   
    on the treasury stock method                                                                                    
    using average market price                        61             97            151            136             --
                                             -----------    -----------    -----------     ----------    -----------
     TOTAL                                       15,225          15,535         16,066         16,138         15,891
                                             ===========    ===========    ===========     ==========    ===========

Net income (loss)                           $     13,398   $     (2,509)  $     16,508   $     15,474   $     13,022
                                             ===========    ===========    ===========    ===========    ===========
Net income (loss) per share                 $       0.88   $      (0.16)  $       1.03   $       0.96   $       0.82
                                             ===========    ===========    ===========    ===========    ===========
FULLY DILUTED (1)                                                                                                   
  Average shares outstanding                      15,164         15,438         15,915         16,002         15,891
  Dilutive stock options -- based on                                                                                
    the treasury stock method using                                                                                 
    the higher of year-end market                                                                                   
    price or average market price                    148             99            164            199             78
  Assumed conversion of convertible                                                                                 
    subordinated debenture                            --             --             --            361          1,937

                                             -----------    -----------    -----------    -----------    -----------
      TOTAL                                       15,312         15,537         16,079         16,562         17,906
                                             ===========    ===========    ===========    ===========    ===========
Net income (loss)                           $     13,398   $     (2,509)  $     16,508   $     15,474   $     13,022
Add interest on convertible subordinated                                                                            
  debenture, net of the income tax effect             --             --             --            363          1,795
                                             ===========    ===========    ===========    ===========    ===========

                                            $     13,398   $     (2,509)  $     16,508   $     15,837   $     14,817
                                             ===========    ===========    ===========    ===========    ===========
Net income (loss) per share                 $       0.88   $      (0.16)  $       1.03   $       0.96   $       0.83
                                             ===========    ===========    ===========    ===========    ===========
<FN>                                                                                                                

(1)  -  Fully   converted  in  the  year  ended  January  31,  1991,   which  is                                    
        anti-dilutive.                                                                                              
</FN>