<TABLE>
<CAPTION>
SIMON TRANSPORTATION SERVICES INC.
SCHEDULE OF COMPUTATION OF NET EARNINGS PER SHARE
(Unaudited)
For the Three Months Ended For the Nine Months Ended
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<S> <C> <C> <C> <C>
Basic and Diluted: June 30, 2000 June 30, 1999 June 30, 2000 June 30, 1999
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Common shares outstanding beginning of period: 6,110,109 6,109,834 6,110,109 6,180,334
Common share equivalents:
Employee stock options exercised:
Basic -- -- -- --
Diluted -- -- -- --
Common shares repurchased:
Basic -- -- -- (61,167)
Diluted -- -- -- (61,167)
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Number of common shares and common
Share equivalents outstanding
Basic 6,110,109 6,109,834 6,110,109 6,119,167
==========================================================================
Diluted 6,110,109 6,109,834 6,110,109 6,119,167
========================================================= ================
Net loss $ (267,450) $ (866,465) $ (330,747) $(2,747,737)
Net loss per common share
and common share equivalent
Basic $ (0.04) $ (0.14) $ (0.05) $ (0.45)
========================================================= ================
Diluted $ (0.04) $ (0.14) $ (0.05) $ (0.45)
========================================================= ================
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