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EXHIBIT 11.1
DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
Statement of Computation of Earnings per Share
(Unaudited)
THREE-MONTH PERIOD ENDED
JUNE 30,
-----------------------------
1997 1996
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Net earnings available to common stockholders $ 1,589,000 1,024,000
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Weighted average common stock outstanding 9,008,000 9,247,000
Common stock equivalents - stock options 62,000 78,000
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9,070,000 9,325,000
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Net earnings per share $ 0.18 0.11
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SIX-MONTH PERIOD ENDED
JUNE 30,
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1997 1996
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Net earnings available to common stockholders $ 3,579,000 2,503,000
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Weighted average common stock outstanding 8,996,000 9,245,000
Common stock equivalents - stock options 61,000 61,000
--------- ---------
9,057,000 9,306,000
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Net earnings per share $ 0.40 0.27
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