SIMPSON MANUFACTURING CO., INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(UNAUDITED)
EXHIBIT 11
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BASIC EARNINGS PER SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
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1998 1997 1998 1997
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Weighted average number of common
shares outstanding 11,570,904 11,475,850 11,554,623 11,464,393
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Net income $ 9,235,461 $ 8,188,215 $ 23,269,704 $ 19,966,481
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Basic net income per share $ 0.80 $ 0.77 $ 2.01 $ 1.74
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SIMPSON MANUFACTURING CO., INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(UNAUDITED)
EXHIBIT 11
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DILUTED EARNINGS PER SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
---------------------------- ----------------------------
1998 1997 1998 1997
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Weighted average number of common
shares outstanding 11,570,904 11,475,850 11,554,623 11,464,393
Shares issuable pursuant to employee
stock option plans, less shares
assumed repurchased at the average
fair value during the period 452,867 530,793 487,960 477,104
Shares issuable pursuant to the
independent director stock option
plan, less shares assumed repurchased
at the average fair value during
the period 4,522 5,879 4,773 5,178
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Number of shares for computation of
diluted net income per share 12,028,293 12,012,522 12,047,356 11,946,675
============ ============ ============ ============
Net income $ 9,235,461 $ 8,188,215 $ 23,269,704 $ 19,966,481
============ ============ ============ ============
Diluted net income per share $ 0.77 $ 0.68 $ 1.93 $ 1.67
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