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EXHIBIT 11.1
TALX CORPORATION AND SUBSIDIARIES
Statement Regarding Computation of Earnings Per Share
Three Months and Years Ended March 31, 2000 and 1999
<TABLE>
<CAPTION>
Three Months Ended
March 31, Year Ended March 31,
----------------------- -------------------------
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic Earnings Per Share:
Actual shares outstanding - beginning of year .. 5,602,590 5,468,702 5,505,017 5,316,032
Weighted average number of common shares
issued (1).................................... 5,232 26,268 54,955 85,313
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Weighted average number of common shares
outstanding - end of year .................... 5,607,822 5,494,970 5,559,972 5,401,345
========== ========== ========== ==========
Net earnings:
Continuing operations......................... $ 668,000 $ 421,000 $2,767,000 $ 402,000
Gain on disposal of discontinued operations... 117,000 - 117,000 -
---------- ---------- ---------- ----------
Net earnings................................ $ 785,000 $ 421,000 $2,884,000 $ 402,000
========== ========== ========== ==========
Basic earnings per common share:
Continuing operations......................... $ 0.12 $ 0.08 $ 0.50 $ 0.07
Gain on disposal of discontinued operations... 0.02 - 0.02 -
---------- ---------- ---------- ----------
Net earnings................................ $ 0.14 $ 0.08 $ 0.52 $ 0.07
========== ========== ========== ==========
Diluted Earnings Per Share:
Actual shares outstanding - beginning of period. 5,602,590 5,468,702 5,505,017 5,316,032
Weighted average number of common shares
issued (1) ................................... 135,242 83,596 152,595 203,403
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Weighted average number of common shares
outstanding - end of period................... 5,737,832 5,552,298 5,657,612 5,519,435
========== ========== ========== ==========
Net earnings:
Continuing operations......................... $ 668,000 $ 421,000 $2,767,000 $ 402,000
Gain on disposal of discontinued operations... 117,000 - 117,000 -
---------- ---------- ---------- ----------
Net earnings................................ $ 785,000 $ 421,000 $2,884,000 $ 402,000
========== ========== ========== ==========
Diluted earnings per common share:
Continuing operations......................... $ 0.12 $ 0.08 $ 0.49 $ 0.07
Gain on disposal of discontinued operations... 0.02 - 0.02 -
---------- ---------- ---------- ----------
Net earnings................................ $ 0.14 $ 0.08 $ 0.51 $ 0.07
========== ========== ========== ==========
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(1) Basic and diluted earnings per share has been computed using the number of
shares of common stock and common stock options and warrants outstanding. The
weighted average number of shares is based on common stock outstanding for basic
earnings per share and common stock outstanding and common stock options and
warrants for diluted earnings per share in periods when such common stock
options and warrants are not antidilutive.
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