EXHIBIT 11
CONSUMER PORTFOLIO SERVICES, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Three Months Ended June 30, Six Months Ended June 30,
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1997 1996 1997 1996
Primary Earnings Per Share
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Computation for Statement of Income:
Net earnings per statement of income
used in primary earnings per share
computation
Net earnings $ 4,385,632 $ 3,271,229 $ 8,530,386 $ 6,322,525
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Weighted-average number of shares
outstanding 14,297,464 13,453,020 14,233,895 13,377,601
Net shares issuable from assumed
exercise of warrants and options, as
determined by the application of the
Treasury Stock Method 1,029,345 1,314,603 1,111,081 1,337,086
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Weighted-average number of shares
outstanding 15,326,809 14,767,623 15,344,976 14,714,687
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Primary earnings per share $ 0.29 $ 0.22 $ 0.56 $ 0.43
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Fully Diluted Earnings Per Share
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Computation for Statement of Income:
Net earnings per statement of income
used in fully diluted earnings per
share computation
Net earnings $ 4,385,632 $ 3,271,229 $ 8,530,386 $ 6,322,525
Interest on borrowings, net of tax
effect on conversion of convertible
subordinated debt 69,576 42,608 77,382 85,215
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Net earnings as adjusted $ 4,455,208 $ 3,313,837 $ 8,607,768 $ 6,407,740
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Weighted-average number of shares
outstanding 14,297,464 13,453,020 14,233,895 13,377,601
Net shares issuable from assumed
exercise of warrants and options, as
determined by the application of the
Treasury Stock Method 1,274,812 1,314,603 1,270,756 1,337,086
Shares issuable from assumed conversion
of subordinated debt 445,205 480,000 268,915 480,000
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Weighted-average number of shares
outstanding 16,017,481 15,247,623 15,773,566 15,194,687
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Fully diluted earnings per share $ 0.28 $ 0.22 $ 0.55 $ 0.42
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