BMC West Corp – ‘10-K405’ for 12/31/96 – EX-11.1

As of:  Monday, 3/31/97   ·   For:  12/31/96   ·   Accession #:  912057-97-11163   ·   File #:  0-19335

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Form 10-K                                             34    132K 
 3: EX-10.29    Exh 10.29                                              7     21K 
 4: EX-10.30    Exh 10.30                                              8     44K 
 5: EX-10.31    Exh 10.31                                              7     30K 
 2: EX-10.5     Exh 10.5                                               2±     7K 
 6: EX-11.1     Exh 11.1                                               2±    10K 
 7: EX-13.1     Ehxibit 13.1                                          22±    91K 
 8: EX-27       Financial Data Schedule (Pre-XBRL)                     2      7K 

EX-11.1   —   Exh 11.1

EX-11.1
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EXHIBIT 11.1  
BMC WEST CORPORATION  
Computation of Earnings Per Share 

FOR THE YEAR ENDED DECEMBER 31, 1996, 1995, AND 1994                            

                                                        [Enlarge/Download Table]

                                                        1996           1995          1994 
                                                        ----           ----          ---- 
                                                                                          
COMPUTATION OF PRIMARY EARNINGS PER SHARE                                                 

 Net income                                      $10,649,000    $ 7,765,000   $14,259,000 
Class B preferred stock                                                                   
  accretion                                          (34,000)       (34,000)      (34,000)
                                                 -----------    -----------   ----------- 
Net Income available                                                                      
  to common stock                                $10,615,000    $ 7,732,000   $14,225,000 
                                                 -----------    -----------   ----------- 
                                                 -----------    -----------   ----------- 
Weighted average shares                                                                   
  outstanding                                     10,759,892      9,498,375     8,504,609 
Net effect of dilutive                                                                    
  stock options based on                                                                  
  the treasury stock                                                                      
  method using average                                                                    
  market price                                       238,243        253,172       293,765 
                                                 -----------    -----------   ----------- 

Total common shares and                                                                   
  equivalents                                     10,998,135      9,751,547     8,798,374 
                                                 -----------    -----------   ----------- 
                                                 -----------    -----------   ----------- 

Primary Earnings Per Share                             $0.97          $0.79         $1.62 
                                                       -----          -----         ----- 
                                                       -----          -----         ----- 

COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE                                           

Net Income Available                                                                      
 to Common Stock                                 $10,615,000   $  7,732,000   $14,225,000 
                                                 -----------    -----------   ----------- 
                                                 -----------    -----------   ----------- 

Weighted average shares                                                                   
  outstanding                                     10,759,892      9,498,375    8,504,609  
Net effect of dilutive                                                                    
  stock options based on                                                                  
  the treasury stock                                                                      
  method using the higher                                                                 
  of quarter-end market                                                                   
  price or average                                                                        
  market price                                       238,243        257,113       293,765 
                                                 -----------    -----------   ----------- 

Total shares and                                                                          
  equivalents                                     10,998,135      9,755,488     8,798,374 
                                                 -----------    -----------   ----------- 
                                                 -----------    -----------   ----------- 

Fully Diluted Earnings Per Share                       $0.97          $0.79         $1.62 
                                                       -----          -----         ----- 
                                                       -----          -----         ----- 

33

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K405’ Filing		Date		Other Filings
Filed on:		3/31/97		10-Q,  DEF 14A
For Period End:		12/31/96		10-K405/A
		12/31/95
		12/31/94
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