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 30, August 31, August 30, August 31,
1997 1996 1997 1996
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Pro forma net income $ 14,567 $ 13,090 $ 24,589 $ 24,842
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Pro forma net income per share $ 0.11 $ 0.10 $ 0.18 $ 0.19
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Weighted average shares outstanding 129,574 119,700 128,196 119,100
Common Stock Equivalents:
Stock options and warrants 7,487 9,261 5,590 9,167
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Total weighted average shares outstanding 137,061 128,961 133,786 128,267
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FULLY DILUTED EARNINGS PER SHARE
Fully diluted earnings per share differs from primary earnings per share by less
than 3%.