EX-11 2 a04-5349_1ex11.htm EX-11

Exhibit 11

 

Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)

 

Basic Earnings per Share

 

 

 

Three Months Ended
March 31,

 

 

 

2004

 

2003

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

24,272,272

 

24,581,348

 

 

 

 

 

 

 

Net income

 

$

17,949,470

 

$

11,024,902

 

 

 

 

 

 

 

Basic net income per share

 

$

0.74

 

$

0.45

 

 

1

 

Simpson Manufacturing Co., Inc. and Subsidiaries
Computation of Earnings Per Common Share
(Unaudited)

 

Diluted Earnings per Share

 

 

 

Three Months Ended
March 31,

 

 

 

2004

 

2003

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

24,272,272

 

24,581,348

 

 

 

 

 

 

 

Shares issuable pursuant to employee stock option plans, less shares assumed repurchased at the average fair value during the period

 

386,109

 

316,412

 

 

 

 

 

 

 

Shares issuable pursuant to the independent director stock option plan, less shares assumed repurchased at the average fair value during the period

 

5,889

 

4,638

 

 

 

 

 

 

 

Number of shares for computation of diluted net income per share

 

24,664,270

 

24,902,398

 

 

 

 

 

 

 

Net income

 

$

17,949,470

 

$

11,024,902

 

 

 

 

 

 

 

Diluted net income per share

 

$

0.73

 

$

0.44

 

 

2