Exhibit 11
Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)
Basic Earnings per Share
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Three
Months Ended |
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2003 |
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2002 |
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Weighted average number of common shares outstanding |
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24,581,348 |
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24,369,426 |
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Net income |
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$ |
11,024,902 |
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$ |
9,729,940 |
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Basic net income per share |
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$ |
0.45 |
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$ |
0.40 |
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Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)
Diluted Earnings per Share
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Three
Months Ended |
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2003 |
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2002 |
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Weighted average number of common shares outstanding |
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24,581,348 |
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24,369,426 |
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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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316,412 |
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346,586 |
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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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4,638 |
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4,336 |
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Number of shares for computation of diluted net income per share |
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24,902,398 |
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24,720,348 |
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Net income |
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$ |
11,024,902 |
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$ |
9,729,940 |
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Diluted net income per share |
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$ |
0.44 |
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$ |
0.39 |
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2