Exhibit 11.1
Corporate Express, Inc.
Statement Regarding Computation of Net Income Per Share
Primary Earnings Per Share
Three Months Ended Six Months Ended
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August 31, August 26, August 31, August 26,
1996 1995 1996 1995
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Net income $ 11,165 $ 5,755 $ 20,781 $ 12,261
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Net income per share $ 0.15 $ 0.09 $ 0.27 $ 0.19
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Weighted average shares outstanding 70,031 60,264 69,631 59,689
Common Stock Equivalents:
Stock options and warrants 6,174 4,246 6,111 4,028
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Total weighted average shares outstanding 76,205 64,510 75,742 63,717
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Fully Diluted Earnings Per Share
Fully diluted earnings per share differs from primary earnings per share by less
than 3%.