Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

EXHIBIT 11.1

Published on



Exhibit 11.1
DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
Statement of Computation of Earnings per Share
(Unaudited)






THREE-MONTH PERIOD ENDED
MARCH 31,
--------------------------
1997 1996
---------- ---------

Net earnings available to common stockholders $1,990,000 1,479,000
---------- ---------

Weighted average common stock outstanding 8,984,000 9,242,000

Common stock equivalents - stock options 56,000 62,000
---------- ---------

9,040,000 9,304,000
========== ==========

Net earnings per share $ 0.22 0.16
========== ==========







13