Exhibit 11
MOBILE MINI, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
Three Months Ended September 30, Nine Months Ended September 30,
1997 1996 1997 1996
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PRIMARY:
Common Shares outstanding, beginning of year 6,739,324 6,739,324 6,739,324 4,835,000
Effect of weighting shares:
Employee stock options 89,781 -- 26,653 --
Conversion of Series A preferred stock -- -- -- 1,902,010
---------- ---------- ---------- ----------
Weighted average number of common shares
and common share equivalents outstanding 6,829,105 6,739,324 6,765,977 6,737,010
========== ========== ========== ==========
Net Income $ 662,974 $ 389,096 $1,385,493 $ 187,489
========== ========== ========== ==========
Net Income per common share and common
share equivalent (Note 1) $ 0.10 $ 0.06 $ 0.20 $ 0.03
========== ========== ========== ==========
FULLY DILUTED:
Common Shares outstanding, beginning of year 6,739,324 6,739,324 6,739,324 4,835,000
Effect of weighting shares:
Employee stock options 99,131 -- 82,508 --
Conversion of Series A preferred stock -- -- -- 1,902,010
---------- ---------- ---------- ----------
Weighted average number of common shares
and common share equivalents outstanding 6,838,455 6,739,324 6,821,832 6,737,010
========== ========== ========== ==========
Net Income $ 662,974 $ 389,096 $1,385,493 $ 187,489
========== ========== ========== ==========
Net Income per common share and common
share equivalent (Note 1) $ 0.10 $ 0.06 $ 0.20 $ 0.03
========== ========== ========== ==========
Note 1 - Net income per common share and common share equivalent
calculated after effect of an extraordinary item recorded
during the quarter ended March 31, 1996.
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