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EXHIBIT 11
DAISYTEK INTERNATIONAL CORPORATION AND SUBSIDIARIES
STATEMENTS RE: COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Nine Months Ended
December 31, December 31,
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1997 1996 1997 1996
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Net income $ 4,138 $ 3,364 $ 11,836 $ 9,360
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Weighted average common shares
outstanding:
Basic (1) 13,632 12,970 13,530 12,904
========== ========== ========== ==========
Diluted (1) 14,308 13,834 14,260 13,832
========== ========== ========== ==========
Net income per common share:
Basic $ 0.30 $ 0.26 $ 0.87 $ 0.73
========== ========== ========== =========
Diluted $ 0.29 $ 0.24 $ 0.83 $ 0.68
========== ========== ========== =========
Calculation of weighted average common
shares outstanding:
Basic weighted average of common stock
outstanding (1) 13,362 12,970 13,530 12,904
Weighted average common stock options,
utilizing the treasury stock method (1)(2) 676 864 730 928
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Diluted weighted average common stock
outstanding (1) 14,308 13,834 14,260 13,832
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(1) On February 5, 1998, the Company's Board of Directors approved a stock
split which provides for each holder of common stock to receive 1
additional share for each share held (the "2 for 1 Stock Split"). The
weighted average common stock calculations have been adjusted to reflect
the 2 for 1 Stock Split.
(2) Utilizing the weighted average stock price of $38.41 and $37.90 per share
for the three and nine months ended December 31, 1997, respectively, and
the weighted average stock price of $38.18 and $39.40 per share for the
three and nine months ended December 31, 1996, respectively.