1
EXHIBIT 11.1
EARNINGS PER SHARE
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D.I.Y. HOME WAREHOUSE, INC.
FORM 10-Q
COMPUTATION OF EARNINGS PER COMMON SHARE
(Unaudited)
Three Months Ended Nine Months Ended
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September 27, September 28, September 27, September 28,
1997 1996 1997 1996
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Net income applicable to common shares $ 882,708 $1,187,561 $2,762,344 $3,108,353
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Weighted average common shares
outstanding for the period 7,633,859 7,625,125 7,633,812 7,625,375
Dilutive effect of exercise of stock
options -- -- -- --
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Weighted average common shares, assuming
issuance of the above securities 7,633,859 7,625,125 7,633,812 7,625,375
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Earnings per common share:
Primary $0.12 $0.16 $0.36 $0.41
Fully diluted $0.12 $0.16 $0.36 $0.41