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 Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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Weighted average number of
common shares outstanding 11,475,850 11,436,426 11,464,393 11,418,249
Shares issuable pursuant to
employee stock option plans,
less shares assumed repurchased
at the average fair value
during the period 530,793 355,661 477,104 305,885
Shares issuable pursuant to the
independent director stock
option plan, less shares assumed
repurchased at the average fair
value during the period 5,879 3,975 5,178 3,362
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Number of shares for computation
of primary net income per share 12,012,522 11,796,062 11,946,675 11,727,496
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Net income $ 8,188,215 $ 6,392,770 $ 19,966,481 $ 14,823,123
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Primary net income per share $ 0.68 $ 0.54 $ 1.67 $ 1.26
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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 Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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Weighted average number of
common shares outstanding 11,475,850 11,436,426 11,464,393 11,418,249
Shares issuable pursuant to
employee stock option plans,
less shares assumed repurchased
at the end of period fair value 578,772 358,029 584,484 366,483
Shares issuable pursuant to the
independent director stock option
plan, less shares assumed
repurchased at the end of period
fair value 6,544 4,000 6,642 4,000
------------ ------------ ------------ ------------
Number of shares for computation
of fully diluted net income per
share 12,061,166 11,798,455 12,055,519 11,788,732
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Net income $ 8,188,215 $ 6,392,770 $ 19,966,481 $ 14,823,123
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Fully diluted net income per share $ 0.68 $ 0.54 $ 1.66 $ 1.26
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