[TYPE]EX-11
[DESCRIPTION]Article 5 Per Share Earnings for 12/31/96
[TEXT]
[ARTICLE]5
[MULTIPLIER]1000
BARR LABORATORIES, INC.
COMPUTATION OF PER SHARE EARNINGS
QUARTER AND SIX MONTHS ENDED DECEMBER 31, 1996 AND 1995
(Amounts in thousands, except per share amounts)
1996 1995 1996 1995
QUARTER QUARTER Y-T-D Y-T-D
PRIMARY
Average shares outstanding 14,054 13,958 14,049 13,949
Net effect of dilutive stock options -
based on the treasury stock method using
average market price 749 - i 733 - ii
------- ------- ------- -------
Total 14,803 13,958 14,782 13,949
======= ======= ======= =======
Net earnings $2,228 $1,989 $3,995 $4,190
======= ======= ======= =======
Net earnings per share $0.15 $0.14 $0.27 $0.30
======= ======= ======= =======
FULLY DILUTED
Average shares outstanding 14,054 13,958 14,049 13,949
Net effect of dilutive stock options -
based on the treasury stock method using:
quarter-end market price 749 557 765 557
------- ------- ------- -------
Total 14,803 14,515 14,814 14,506
======= ======= ======= =======
Net earnings per share $0.15 $0.14 $0.27 $0.29
======= ======= ======= =======
<FN>
i) Stock options of 347 in 1995 are not included because
their inclusion results in less than 3% dilution.
ii) Stock options of 335 in 1995 are not included because
their inclusion results in less than 3% dilution.