1
EXHIBIT 11.1
DIY HOME WAREHOUSE, INC.
FORM 10-Q
COMPUTATION OF EARNINGS PER COMMON SHARE
(Unaudited)
Three Months Ended Nine Months Ended
September 28, September 30, September 28, September 30,
1996 1995 1996 1995
---- ---- ---- ----
Income applicable to
common shares $1,187,561 $ 448,660 $3,108,353 $3,086,913
========== ========== ========== ==========
Weighted average common
shares outstanding for the
period 7,626,125 7,625,000 7,625,375 7,625,000
Dilutive effect of exercise of
stock options -- -- -- --
---------- ---------- ---------- ----------
Weighted average common
shares, assuming issuance of
the above securities 7,626,125 7,625,000 7,625,375 7,625,000
========== ========== ========== ==========
Earnings per common share:
Primary $0.16 $0.06 $0.41 $0.40
Fully diluted $ -- $ -- $ -- $ --