**EXHIBIT 11.0**

 

BUILDING MATERIALS HOLDING CORPORATION

Computation of Earnings Per Share

 

 

For the YearEnded December 31, 2003, 2002 and 2001

 

 
|                                                                                                |   | **2003**   |       | **2002**   |   | **2001**   |   |
|-----------------------------------------------------------------------------------------------------|--------|------------|------------|------------|--------|------------|--------|
|                                                                                                |   |       |       |       |   |       |   |
| COMPUTATION OF BASIC EARNINGS PER SHARE                                                             |   |       |       |       |   |       |   |
|                                                                                                |   |       |       |       |   |       |   |
| Net income available to common shareholders                                                         |   | $          | 19,929,000 |       | $      | 7,015,000  |   | $ | 20,844,000 |   |
|                                                                                                |   |       |       |       |   |       |   |
| Weighted average shares outstanding                                                                 |   | 13,279,361 |       | 13,086,371 |   | 12,909,581 |   |
|                                                                                                |   |       |       |       |   |       |   |
| Basic earnings per share                                                                            |   | $          | 1.50       |       | $      | 0.54       |   | $ | 1.61 |   |
|                                                                                                |   |       |       |       |   |       |   |
| COMPUTATION OF DILUTED EARNINGS PER SHARE                                                           |   |       |       |       |   |       |   |
|                                                                                                |   |       |       |       |   |       |   |
| Net income available to common shareholders                                                         |   | $          | 19,929,000 |       | $      | 7,015,000  |   | $ | 20,844,000 |   |
|                                                                                                |   |       |       |       |   |       |   |
| Weighted average shares outstanding                                                                 |   | 13,279,361 |       | 13,086,371 |   | 12,909,581 |   |
|                                                                                                |   |       |       |       |   |       |   |
| Net effect of dilutive stock options based  on the treasury stock method using average market price |   | 161,148    |       | 176,445    |   | 99,475     |   |
|                                                                                                |   |       |       |       |   |       |   |
| Total shares outstanding                                                                            |   | 13,440,509 |       | 13,262,816 |   | 13,009,056 |   |
|                                                                                                |   |       |       |       |   |       |   |
| Diluted earnings per share                                                                          |   | $          | 1.48       |       | $      | 0.53       |   | $ | 1.60 |   |

 

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