Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)
Exhibit 11
Basic Earnings per Share
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Three
Months Ended |
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Six Months
Ended |
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2002 |
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2001 |
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2002 |
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2001 |
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Weighted average number of common shares outstanding |
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12,232,670 |
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12,098,309 |
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12,208,824 |
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12,068,607 |
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Net income |
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$ |
14,891,601 |
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$ |
12,618,652 |
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$ |
24,621,541 |
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$ |
21,598,806 |
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Basic net income per share |
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$ |
1.22 |
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$ |
1.04 |
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$ |
2.02 |
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$ |
1.79 |
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14
Diluted Earnings per Share
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Three
Months Ended |
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Six Months
Ended |
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2002 |
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2001 |
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2002 |
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2001 |
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Weighted average number of common shares outstanding |
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12,232,670 |
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12,098,309 |
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12,208,824 |
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12,068,607 |
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Shares issuable pursuant to employee stock option plans, less shares assumed repurchased at the average fair value during the period |
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169,775 |
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198,168 |
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170,815 |
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218,305 |
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Shares issuable pursuant to the independent director stock option plan, less shares assumed repurchased at the average fair value during the period |
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2,245 |
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3,390 |
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2,202 |
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3,735 |
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Number of shares for computation of diluted net income per share |
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12,404,690 |
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12,299,867 |
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12,381,841 |
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12,290,647 |
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Net income |
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$ |
14,891,601 |
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$ |
12,618,652 |
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$ |
24,621,541 |
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$ |
21,598,806 |
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Diluted net income per share |
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$ |
1.20 |
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$ |
1.03 |
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$ |
1.99 |
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$ |
1.76 |
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15