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Exhibit 11.1 Rexel, Inc. Computation of Net Income Per Common and Common Equivalent Share (In Thousands) <table> <caption> Three Months Six Months Ended Ended June 30, June 30, 1997 1996 1997 1996 ======= ======= ======= ======= <s> <c> <c> <c> <c> Income Applicable to Primary Common and $15,936 $13,177 $ 9,099 $ 7,558 ======= ======= ======= ======= Common Equivalent Shares Weighted Average Number of Common Shares and Common Share Equivalents Outstanding During the Year Common (Net of Treasury Stock) 25,897 25,652 26,030 25,655 Options 255 348 219 268 26,152 26,000 26,249 25,923 ======= ======= ======= ======= </Table>
