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EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
COMPLETE BUSINESS SOLUTIONS, INC. AND SUBSIDIARIES
PRO FORMA OR ACTUAL NET INCOME PER COMMON SHARE
(UNAUDITED)
<TABLE>
<CAPTION>
Three Months Ended
September 30,
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2000 1999
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<S> <C> <C>
Weighted average number of shares of Common Stock outstanding........... 33,949 37,593
Common Stock equivalents calculated using the weighted average stock
price per share for the periods presented.......................... -- 576
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Weighted average shares outstanding..................................... 33,949 38,169
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Actual net income (loss) available for common shareholders.............. $ (4,836) $ 8,244
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Actual basic earnings per common share.................................. $ (0.14) $ 0.22
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Actual fully diluted earnings per common share.......................... $ (0.14) $ 0.22
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<CAPTION>
Nine Months Ended
September 30,
----------------------
2000 1999
-------- --------
<S> <C> <C>
Weighted average number of shares of Common Stock outstanding........... 33,949 37,157
Common Stock equivalents calculated using the weighted average stock
price per share for the periods presented.......................... -- 994
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Weighted average shares outstanding..................................... 33,949 38,151
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Actual net income (loss) available for common shareholders.............. $(26,050) $ 25,740
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Actual basic earnings per common share.................................. $ (0.74) $ 0.69
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Actual fully diluted earnings per common share.......................... $ (0.74) $ 0.67
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</TABLE>