99 Cents Only Stores LLC – ‘10-K405’ for 12/31/97 – EX-11.1

As of:  Tuesday, 3/31/98   ·   For:  12/31/97   ·   Accession #:  1047469-98-13176   ·   File #:  1-11735

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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     Annual Report -- [x] Reg. S-K Item 405                71    408K 
 2: EX-11.1     Statement re: Computation of Earnings Per Share        1      7K 
 3: EX-23.1     Consent of Experts or Counsel                          1      6K 
 4: EX-23.2     Consent of Experts or Counsel                          1      6K 
 5: EX-27.1     Financial Data Schedule (Pre-XBRL)                     2      7K 
 6: EX-27.2     Financial Data Schedule (Pre-XBRL)                     2      9K 
 7: EX-27.3     Financial Data Schedule (Pre-XBRL)                     2      8K 

EX-11.1   —   Statement re: Computation of Earnings Per Share

EX-11.1
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                                                                    EXHIBIT 11.1

99 CENTS ONLY STORES
STATEMENTS REGARDING COMPUTATION OF 
PER SHARE EARNINGS
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA) 

                                                        [Enlarge/Download Table]

                                                                                           DECEMBER 31,          
                                                                                  -------------------------------
                                                                                    1995       1996       1997   
                                                                                  ---------  ---------  ---------
                                                                                                                 
Net Income....................................................................... $  15,947  $  20,737  $  18,950

Common Stock:                                                                                                    
  Shares outstanding from beginning of period....................................    12,411     12,411     18,521
  Pro-rata shares--stock issuance................................................        --      3,692         21
                                                                                  ---------  ---------  ---------
    Basic weighted average number of common shares outstanding...................    12,411     16,103     18,542
                                                                                  ---------  ---------  ---------
  Pro-rata common shares to fund distribution to shareholders....................        --      1,362         --
  Common stock equivalents.......................................................        --        134        214
                                                                                  ---------  ---------  ---------
    Diluted weighted average number of common shares outstanding.................    12,411     17,599     18,756
                                                                                  ---------  ---------  ---------
                                                                                  ---------  ---------  ---------

Earnings per Common Share:                                                                                       
  Basic.......................................................................... $    1.28  $    1.29  $    1.02
  Diluted........................................................................ $    1.28  $    1.18  $    1.01