EX-11 3 j3855_ex11.htm EX-11

Simpson Manufacturing Co., Inc. and Subsidiaries

Computation of Earnings Per Common Share

(Unaudited)

 

Exhibit 11

 

Basic Earnings per Share

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2002

 

2001

 

 

 

 

 

 

 

Weighted average number of common

 

 

 

 

 

shares outstanding

 

12,184,713

 

12,037,073

 

 

 

 

 

 

 

Net income

 

$

9,729,940

 

$

8,980,154

 

 

 

 

 

 

 

Basic net income per share

 

$

0.80

 

$

0.75

 

 

 

 

13

 

 

Diluted Earnings per Share

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2002

 

2001

 

 

 

 

 

 

 

Weighted average number of common

 

 

 

 

 

shares outstanding

 

12,184,713

 

12,037,073

 

 

 

 

 

 

 

Shares issuable pursuant to employee stock

 

 

 

 

 

option plans, less shares assumed

 

 

 

 

 

repurchased at the average fair value

 

 

 

 

 

during the period

 

173,293

 

236,359

 

 

 

 

 

 

 

Shares issuable pursuant to the independent

 

 

 

 

 

director stock option plan, less shares

 

 

 

 

 

assumed repurchased at the average fair

 

 

 

 

 

value during the period

 

2,168

 

4,053

 

 

 

 

 

 

 

Number of shares for computation of diluted

 

 

 

 

 

net income per share

 

12,360,174

 

12,277,485

 

 

 

 

 

 

 

Net income

 

$

9,729,940

 

$

8,980,154

 

 

 

 

 

 

 

Diluted net income per share

 

$

0.79

 

$

0.73

 

 

 

 

14