Exhibit (11) - Computation of Earnings Per Share
Three Months Ended Six Months Ended
June 30 June 30
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1999 1998 1999 1998
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Basic:
Average shares
outstanding 18,065,871 18,415,792 18,105,252 18,297,418
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Net earnings applicable
to common stock and
common stock
equivalents $ 6,963,000 $ 5,686,000 $12,692,000 $10,591,000
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Basic earnings per share $0.39 $0.31 $0.70 $0.58
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Diluted:
Average shares
outstanding 18,065,871 18,415,792 18,105,252 18,297,418
Net effect of dilutive stock
options based on treasury
stock method using the
average market price to
common stock and common
stock equivalents 32,267 133,828 24,422 121,337
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Average number of common
shares and common
equivalent shares 18,098,138 18,549,620 18,129,674 18,418,755
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Net earnings applicable
to common stock and
common stock
equivalents $ 6,963,000 $ 5,686,000 $12,692,000 $10,591,000
=========== =========== =========== ===========
Diluted earnings
per share $0.38 $0.31 $0.70 $0.58
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SIMPSON INDUSTRIES, INC.
Registrant
August 11, 1999 /s/Vinod M. Khilnani
Vinod M. Khilnani
Vice President and
Chief Financial Officer