Exhibit 11.1
VANSTAR CORPORATION
Statement of Computation of Earnings Per Share
(In thousands, except per share data)
THREE MONTHS ENDED SIX MONTHS ENDED
OCTOBER 31, OCTOBER 31,
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1996 1995 1996 1995
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PRIMARY EARNINGS PER SHARE
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Weighted average number of
common shares outstanding 40,960 11,025 40,718 11,029
Common equivalent shares from stock options
using the treasury stock method 1,845 23 1,722 23
Common shares from the assumed conversion
of all outstanding preferred stock and warrants 0 20,305 0 20,306
Common equivalent shares from stock options
related to SAB No. 83 using the treasury
stock method 0 1,671 0 1,671
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Shares used in per share calculation 42,805 33,024 42,440 33,029
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Net Income 11,078 4,951 20,840 8,265
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Earnings per share $0.26 $0.15 $0.49 $0.25
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FULLY DILUTED EARNINGS PER SHARE
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Weighted average number of
common shares outstanding 40,960 11,025 40,718 11,029
Common equivalent shares from stock options
using the treasury stock method 1,884 23 1,751 23
Common shares from the assumed conversion
of all outstanding preferred stock and warrants 0 20,305 0 20,306
Common equivalent shares from stock options
related to SAB No. 83 using the treasury
stock method 0 1,671 0 1,671
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Shares used in per share calculation 42,844 33,024 42,469 33,029
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Net Income 11,078 4,951 20,840 8,265
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Earnings per share $0.26 $0.15 $0.49 $0.25
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