BUILDING MATERIALS HOLDING CORPORATION
Computation of Earnings Per Share
For the Year Ended December 31, 1999, 1998 and 1997
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1999 1998 1997
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COMPUTATION OF BASIC EARNINGS PER SHARE
Net income $ 19,683,000 $ 15,149,000 $ 9,493,000
Class B preferred stock accretion -- -- (6,500)
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Net income available
to common shareholders $ 19,683,000 $ 15,149,000 $ 9,486,500
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Weighted average shares
outstanding 12,667,372 12,509,351 11,919,469
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Basic earnings per share $1.55 $1.21 $0.80
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COMPUTATION OF DILUTED EARNINGS PER SHARE
Net income available
to common shareholders $ 19,683,000 $ 15,149,000 $ 9,486,500
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Weighted average shares
outstanding 12,667,372 12,509,351 11,919,469
Net effect of dilutive
stock options based on
the treasury stock
method using average
market price 125,160 137,489 217,410
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Total shares outstanding 12,792,532 12,646,840 12,136,879
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Diluted earnings per share $1.54 $1.20 $0.78
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