Kevco Inc – IPO: ‘S-1/A’ on 10/8/96 – EX-11

As of:  Tuesday, 10/8/96   ·   Accession #:  950109-96-6557   ·   File #:  333-11173

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Initial Public Offering (IPO):  Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Amendment #1 to Form S-1                              84    481K 
 2: EX-2.2      Form of Plan and Agreement of Merger                  11     35K 
 3: EX-2.3      Form of Bill of Sale and General Assignment            3     13K 
 4: EX-2.4      Form of Assumption Agreement                           2     12K 
 5: EX-3.1      Form of Articles of Incorporation                     20     46K 
 6: EX-3.2      Form of Bylaws of Kevco, Inc.                         23    102K 
 7: EX-4.1      Form of Certificate of Ownership of Common Stock       3±    15K 
 8: EX-10.1     Amendment No. 2 to 1995 Stock Option Plan             12     46K 
 9: EX-10.2     1996 Stock Option Plan                                 8     33K 
10: EX-10.20    Amended and Restated Health and Accident Plan          3     16K 
11: EX-10.34    Form of Promissory Note ($3,700,000)                   4     18K 
12: EX-10.35    Form of Promissory Note (Future S-Corporation)         4     19K 
13: EX-10.37    Form of Adoption Agreement                             3     13K 
14: EX-10.38    Amendment No. 1 to Lease Agreement                     2     11K 
15: EX-10.39    Letter Agreement Dated June 22, 1982                   1      9K 
16: EX-10.40    Letter Agreement Dated October 1, 1996                 2     14K 
17: EX-11       Computation of Earnings Per Common Share               1     11K 
18: EX-16.1     Letter Re: Change of Accountants                       1      9K 
19: EX-23.1     Consent of Coopers & Lybrand, L.L.P.                   1      8K 
20: EX-23.3     Consent of Rylander, Clay & Opitz, L.L.P.              1      9K 
21: EX-23.4     Consent of Rumsey & Huckaby, P.C.                      1      9K 
22: EX-27       Article 5 Financial Data Schedule                      2     10K 

EX-11   —   Computation of Earnings Per Common Share

EX-11
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                                                                    EXHIBIT 11

KEVCO, INC. 

COMPUTATION OF EARNINGS PER COMMON SHARE  
(IN THOUSANDS, EXCEPT PER SHARE DATA) 
(UNAUDITED) 

                                                        [Enlarge/Download Table]

                          SUPPLEMENTAL SUPPLEMENTAL AS ADJUSTED  SUPPLEMENTAL   AS ADJUSTED 
                           YEAR ENDED   YEAR ENDED   YEAR ENDED   SIX MONTHS    SIX MONTHS  
                          DECEMBER 31, DECEMBER 31, DECEMBER 31,     ENDED         ENDED    
                            1995(3)      1995(4)        1995     JUNE 30, 1996 JUNE 30, 1996
                          ------------ ------------ ------------ ------------- -------------
                                                                                            
Net income..............     $4,316       $5,452       $6,317       $4,300        $4,748    
Weighted average number                                                                     
 of shares:                                                                                 
Average common shares                                                                       
 outstanding............      4,395        4,395        4,395        4,395         4,395    
Common share equivalents                                                                    
 resulting from assumed                                                                     
 exercise of stock                                                                          
 options................         49           49           49           49            49    
Other shares............        502(1)       502(1)     2,100(2)       334(1)      2,100(2) 
                             ------       ------       ------       ------        ------    
                              4,946        4,946        6,544        4,778         6,544    
                             ======       ======       ======       ======        ======    
Earnings per share......     $ 0.87       $ 1.10       $ 0.97       $ 0.90        $ 0.73    

Earnings per share is computed by dividing net income by the weighted       
average number of common shares and common share equivalents outstanding.       
Common share equivalents are computed using the treasury stock method. Under    
the treasury stock method, market price is used to determine the number of      
common share equivalents.                                                       
--------                                                                        
(1) Amount reflects the assumed issuance of Common Stock at the initial public  
offering price per share, less underwriting discount, to generate       
sufficient cash to fund the distribution of undistributed earnings      
previously taxed at the stockholder level.                              
(2) Amount reflects the assumed sale of the Common Stock offered hereby.        

(3) Supplemental as presented on page F-5 of the Registration Statement to      
which this Exhibit forms a part.                                        

(4) Supplemental as presented on page F-25 of the Registration Statement to     
which this Exhibit forms a part.                                        

Dates Referenced Herein

This ‘S-1/A’ Filing		Date		Other Filings
		10/9/96		None on these Dates
Filed on:		10/8/96
		6/30/96
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