Exhibit 11.1
VANSTAR CORPORATION
Statement of Computation of Earnings Per Share
(In thousands, except per share data)
Three Months Ended Nine Months Ended
January 31, January 31,
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1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE
Weighted average number of
common shares outstanding 42,499 10,943 41,328 11,000
Common equivalent shares from stock options
using the treasury stock method 1,735 - 2,065 73
Common shares from the assumed conversion
of all outstanding preferred stock and warrants - 20,306 - 20,306
Common equivalent shares from stock options
related to SAB No. 83 using the treasury
stock method - - - 1,593
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Shares used in per share calculation 44,234 31,249 43,393 32,972
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Net income (loss) 7,520 (7,537) 28,361 728
Preferred stock dividends - (866) - (2,597)
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Net income (loss) applicable to common stock 7,520 (8,403) 28,361 (1,869)
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Earnings per share $ 0.17 $ (0.27) $ 0.65 $ (0.06)
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FULLY DILUTED EARNINGS PER SHARE
Weighted average number of
common shares outstanding 42,499 10,943 41,328 11,000
Common equivalent shares from stock options
using the treasury stock method 1,735 - 2,089 73
Common shares from the assumed conversion
of all outstanding preferred stock and warrants - 20,306 - 20,306
Common equivalent shares from stock options
related to SAB No. 83 using the treasury
stock method - - - 1,593
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Shares used in per share calculation 44,234 31,249 43,417 32,972
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Net income (loss) 7,520 (7,537) 28,361 728
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Earnings per share $ 0.17 $ (0.24) $ 0.65 $ 0.02
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