Exhibit 11.1
VANSTAR CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
YEAR ENDED APRIL 30,
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1997 1996 1995
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Weighted average number of
common shares outstanding 41,693 12,107 11,040
Common equivalent shares from stock options
using the treasury stock method 1,589 309 72
Common shares from the assumed conversion
of all outstanding preferred stock and warrants - 20,306 18,703
Common equivalent shares from stock options
and warrants related to SAB No. 83 using
the treasury stock method - 1,528 2,671
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Shares used in computing
earnings per share 43,282 34,250 32,486
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Net income $29,994 $17,247 $1,268
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Primary and fully diluted earnings per share
(Pro forma prior to March 11, 1996) $0.69 $0.50 $0.04
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