1 EXHIBIT 11 DAISYTEK INTERNATIONAL CORPORATION AND SUBSIDIARIES STATEMENTS RE: COMPUTATION OF EARNINGS PER SHARE (In Thousands, Except Per Share Data) Three Months Ended June 30, ---------------------------- 1997 1996 ---------- ---------- Net income $ 3,829 $ 3,041 ========== ========== Weighted average common shares outstanding 7,004 6,907 ========== ========== Net income per common share $ 0.55 $ 0.44 ========== ========== Calculation of weighted average common shares outstanding: Weighted average of common stock outstanding 6,682 6,413 Weighted average common stock options, utilizing the treasury stock method (1) 322 494 ---------- ---------- 7,004 6,907 ========== ========== (1) Utilizing the weighted average stock price of $31.75 and $39.85 per share for the three months ended June 30, 1997 and 1996, respectively.