EXHIBIT 11.1
BUILDING MATERIALS HOLDING CORPORATION
Computation of Earnings Per Share
FOR THE YEAR ENDED DECEMBER 31, 1998, 1997, AND 1996
1998 1997 1996
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COMPUTATION OF BASIC EARNINGS PER SHARE
Net income $15,149,000 $9,493,000 $10,649,000
Class B preferred stock
accretion -- (6,500) (34,000)
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Net Income available
to common stock $15,149,000 $9,486,500 $10,615,000
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Weighted average shares
outstanding 12,509,351 11,919,469 10,759,892
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Basic Earnings Per Share $1.21 $0.80 $0.99
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COMPUTATION OF DILUTED EARNINGS PER SHARE
Net Income Available
to Common Stock $15,149,000 $9,486,500 $10,615,000
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Weighted average shares
outstanding 12,509,351 11,919,469 10,759,892
Net effect of dilutive
stock options based on
the treasury stock
method using average
market price 137,489 217,410 238,243
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Total shares outstanding 12,646,840 12,136,879 10,998,135
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Diluted Earnings Per Share $1.20 $0.78 $0.97
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