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 |
| Six Months Ended |
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|
| 2004 |
| 2003 |
| 2004 |
| 2003 |
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Weighted average number of common shares outstanding |
| 24,012,686 |
| 24,604,164 |
| 24,142,474 |
| 24,592,820 |
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Net income |
| $ | 21,814,497 |
| $ | 17,681,608 |
| $ | 39,763,967 |
| $ | 28,706,509 |
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Basic net income per share |
| $ | 0.91 |
| $ | 0.72 |
| $ | 1.65 |
| $ | 1.17 |
|
Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)
Diluted Earnings per Share
|
| Three Months Ended |
| Six Months Ended |
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|
| 2004 |
| 2003 |
| 2004 |
| 2003 |
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|
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Weighted average number of common shares outstanding |
| 24,012,686 |
| 24,604,164 |
| 24,142,474 |
| 24,592,820 |
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|
|
|
|
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Shares issuable pursuant to employee stock option plans, less shares assumed repurchased at the average fair value during the period |
| 415,694 |
| 348,166 |
| 404,033 |
| 338,614 |
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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 |
| 6,571 |
| 5,082 |
| 6,255 |
| 4,904 |
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Number of shares for computation of diluted net income per share |
| 24,434,951 |
| 24,957,412 |
| 24,552,762 |
| 24,936,338 |
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Net income |
| $ | 21,814,497 |
| $ | 17,681,608 |
| $ | 39,763,967 |
| $ | 28,706,509 |
|
|
|
|
|
|
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Diluted net income per share |
| $ | 0.89 |
| $ | 0.71 |
| $ | 1.62 |
| $ | 1.15 |
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