Exhibit 11
STANDARD PACIFIC CORP. AND SUBSIDIARIES
EARNINGS PER SHARE CALCULATIONS
FOR THE NINE MONTHS AND THREE MONTHS ENDED
SEPTEMBER 30, 1996 AND 1995
NINE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
----------------------- ----------------------
1996 1995 1996 1995
----------- ----------- ----------- ----------
Primary earnings (loss) per share
and equivalent share:
Income (loss) before taxes $ 8,004,000 $ 3,075,000 $ 3,342,000 $ (867,000)
(Provision) credit for income taxes (3,195,000) (1,238,000) (1,317,000) 391,000
----------- ----------- ----------- ----------
Net income (loss) $ 4,809,000 $ 1,837,000 $ 2,025,000 $ (476,000)
=========== =========== =========== ==========
Shares and equivalent shares:
Average shares outstanding 30,060,281 30,612,540 30,060,281 30,591,228
Equivalent shares 4,981 4,303 3,530 6,333
----------- ----------- ----------- ----------
Total 30,065,262 30,616,843 30,063,811 30,597,561
=========== =========== =========== ==========
Primary Earnings (Loss) Per Share $ 0.16 $ 0.06 $ 0.07 $ (0.02)
========== ========== =========== ==========
Fully-diluted earnings (loss)
per share and equivalent share:
Net income (loss) $ 4,809,000 $ 1,837,000 $ 2,025,000 $ (476,000)
=========== =========== =========== ==========
Shares and equivalent shares:
Average shares outstanding 30,060,281 30,612,540 30,060,281 30,591,228
Equivalent shares 4,981 5,699 3,530 7,009
----------- ----------- ----------- ----------
Total 30,065,262 30,618,239 30,063,811 30,598,237
=========== =========== =========== ==========
Fully-Diluted Earnings (Loss)
Per Share $ 0.16 $ 0.06 $ 0.07 $ (0.02)
=========== =========== =========== ==========
18