Exhibit 11
Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
Basic Earnings per Share
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2002 |
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2001 |
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2000 |
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Weighted average number of common shares outstanding |
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24,465,067 |
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24,211,094 |
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24,038,658 |
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Shares issuable pursuant to stock bonus plan |
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5,000 |
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5,400 |
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6,750 |
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Number of shares for computation of basic net income per share |
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24,470,067 |
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24,216,494 |
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24,045,408 |
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Net income for computation of basic net income per share |
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$ |
51,934,147 |
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$ |
40,518,126 |
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$ |
39,374,743 |
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Basic net income per share |
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$ |
2.12 |
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$ |
1.67 |
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$ |
1.64 |
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Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
For the Three Years Ended December 31, 2002, 2001 and 2000
Diluted Earnings per Share
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2002 |
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2001 |
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2000 |
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Weighted average number of common shares outstanding |
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24,465,067 |
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24,211,094 |
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24,038,658 |
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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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333,064 |
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408,948 |
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536,170 |
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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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4,418 |
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6,258 |
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8,266 |
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Shares issuable pursuant to stock bonus plan |
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5,000 |
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5,400 |
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6,750 |
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Number of shares for computation of diluted net income per share |
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24,807,549 |
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24,631,700 |
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24,589,844 |
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Net income for computation of diluted net income per share |
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$ |
51,934,147 |
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$ |
40,518,126 |
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$ |
39,374,743 |
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Diluted net income per share |
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$ |
2.09 |
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$ |
1.64 |
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$ |
1.60 |
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