EAGLE HARDWARE & GARDEN, INC.
COMPUTATION OF NET INCOME PER SHARE - EXHIBIT 11.1
[000, EXCEPT PER SHARE DATA]
[UNAUDITED] [UNAUDITED]
13 WEEKS ENDED 26 WEEKS ENDED
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JULY 26, JULY 28, JULY 26, JULY 28,
1996 1995 1996 1995
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Net income as reported $8,065 $4,553 $11,029 $7,233
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Net income used for primary
computation $8,065 $4,553 $11,029 $7,233
Add (where dilutive):
Tax effected interest and amortization
of debt expense on convertible debt 922 922 1,844 1,844
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Net income used for fully
diluted computation $8,987 $5,475 $12,873 $9,077
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Weighted average number of
common shares outstanding 22,942 22,844 22,922 22,842
Add (where dilutive):
Assumed exercise of those
options that are common stock
equivalents net of treasury
shares deemed to have been
repurchased 417 231 376 246
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Weighted average number of
common and common equivalent
shares outstanding, used for
primary computation 23,359 23,075 23,298 23,088
Add (where dilutive):
Shares applicable to stock options
in addition to those used in primary
computation due to the use of
period-end market price when
higher than average price 62 12 31 6
Assumed exercise of
convertible debt 4,792 4,792 4,792 4,792
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Adjusted shares outstanding used
for fully diluted computation 28,213 27,879 28,121 27,886
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