1 EXHIBIT 11 AMERICAN HOMESTAR CORPORATION STATEMENT RE COMPUTATION OF PER SHARE EARNINGS THREE MONTHS ENDED AUGUST 31, ----------------------------- 1995 1996 ---------- ---------- Weighted average number of common shares outstanding . . . . . . . 7,542,300 8,618,723 Dilutive effect of stock options . . . . . . . . . . . . . . . . . 121,015 360,224 ---------- ---------- Weighted average number of common and common equivalent shares outstanding . . . . . . . . . . . . . . . . . 7,663,315 8,978,947 ========== ========== Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,182,000 $3,018,000 ========== ========== Earnings per common share-primary . . . . . . . . . . . . . . . . . $ 0.28 $ 0.34 ========== ========== THREE MONTHS ENDED AUGUST 31, ----------------------------- 1995 1996 ---------- ---------- Weighted average number of common shares outstanding . . . . . . . 7,542,300 8,618,723 Dilutive effect of stock options . . . . . . . . . . . . . . . . . 138,838 374,886 ---------- ---------- Weighted average number of common and common equivalent shares outstanding . . . . . . . . . . . . . . . . . 7,681,138 8,993,609 ========== ========== Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,182,000 $3,018,000 ========== ========== Earnings per common share-fully diluted . . . . . . . . . . . . . . $ 0.28 $ 0.34 ========== ==========