Exhibit 11
STANDARD PACIFIC CORP. AND SUBSIDIARIES
EARNINGS PER SHARE CALCULATIONS
FOR THE NINE MONTH AND THREE MONTH PERIODS ENDED
SEPTEMBER 30, 1997 AND 1996
Nine Months Ended Three Months Ended
September 30, September 30,
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1997 1996 1997 1996
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Primary Earnings Per Common
and Equivalent Share:
Income from continuing operations $14,596,000 $ 4,658,000 $ 6,874,000 $ 2,497,000
Income (loss) from discontinued operations 829,000 151,000 367,000 (472,000)
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Net income $15,425,000 $ 4,809,000 $ 7,241,000 $ 2,025,000
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Common and equivalent shares:
Average shares outstanding 29,476,413 30,060,281 29,508,917 30,060,281
Equivalent shares 273,222 4,981 326,278 3,530
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Total 29,749,635 30,065,262 29,835,195 30,063,811
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Primary Earnings Per Share:
Income from continuing operations $ 0.49 $ 0.15 $ 0.23 $ 0.08
Income (loss) from discontinued operations 0.03 0.01 0.01 (0.01)
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Primary Earnings Per Share $ 0.52 $ 0.16 $ 0.24 $ 0.07
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Fully Diluted Earnings Per Common
and Equivalent Share:
Common and equivalent shares:
Average shares outstanding 29,476,413 30,060,281 29,508,917 30,060,281
Equivalent shares 336,106 4,981 326,278 3,530
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Total 29,812,519 30,065,262 29,835,195 30,063,811
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Fully Diluted Earnings Per Share:
Income from continuing operations $ 0.49 $ 0.15 $ 0.23 $ 0.08
Income (loss) from discontinued operations 0.03 0.01 0.01 (0.01)
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Fully Diluted Earnings Per Share $ 0.52 $ 0.16 $ 0.24 $ 0.07
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