SIMPSON MANUFACTURING CO., INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(UNAUDITED)
EXHIBIT 11
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Primary Earnings per Share
Three Months Ended Six Months Ended
June 30, June 30,
1997 1996 1997 1996
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Weighted average number of
common shares outstanding 11,457,312 11,428,130 11,458,580 11,409,066
Shares issuable pursuant to
employee stock option plans,
less shares assumed repurchased
at the average fair value
during the period 439,146 315,867 429,102 279,563
Shares issuable pursuant to the
independent director stock
option plan, less shares assumed
repurchased at the average fair
value during the period 4,870 3,509 4,805 3,044
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Number of shares for computation
of primary net income per share 11,901,328 11,747,506 11,892,487 11,691,673
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Net income $ 7,020,993 $ 5,167,849 $ 11,778,267 $ 8,430,353
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Primary net income per share $ 0.59 $ 0.44 $ 0.99 $ 0.72
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SIMPSON MANUFACTURING CO., INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(UNAUDITED)
EXHIBIT 11
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Fully Diluted Earnings per Share
Three Months Ended Six Months Ended
June 30, June 30,
1997 1996 1997 1996
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Weighted average number of
common shares outstanding 11,457,312 11,428,130 11,458,580 11,409,066
Shares issuable pursuant to
employee stock option plans,
less shares assumed repurchased
at the end of period fair value 452,968 362,332 451,125 370,836
Shares issuable pursuant to the
independent director stock option
plan, less shares assumed
repurchased at the end of period
fair value 4,981 4,000 4,981 4,000
------------ ------------ ------------ ------------
Number of shares for computation
of fully diluted net income per
share 11,915,261 11,794,462 11,914,686 11,783,902
============ ============ ============ ============
Net income $ 7,020,993 $ 5,167,849 $ 11,778,267 $ 8,430,353
============ ============ ============ ============
Fully diluted net income per share $ 0.59 $ 0.44 $ 0.99 $ 0.72
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