[TYPE]EX-11
[DESCRIPTION]Article 5 Per Share Earnings for 03/31/97
[ARTICLE]5
[MULTIPLIER]1000
BARR LABORATORIES, INC.
COMPUTATION OF PER SHARE EARNINGS
QUARTER AND NINE MONTHS ENDED MARCH 31, 1997 AND 1996
(Amounts in thousands, except per share amounts)
1997 1996 1997 1996
QUARTER QUARTER Y-T-D Y-T-D
PRIMARY
Average shares outstanding 21,127 20,982 21,090 20,943
Net effect of dilutive stock options -
based on the treasury stock method using
average market price 1,369 - i 1,189 - ii
Total 22,495 20,982 22,279 20,943
Net earnings $14,925 $1,144 $18,920 $5,334
Net earnings per share $0.66 $0.05 $0.85 $0.25
FULLY DILUTED
Average shares outstanding 21,127 20,982 21,090 20,943
Net effect of dilutive stock options -
based on the treasury stock method using:
quarter-end market price 1,482 1,074 1,482 1,074
Total 22,609 22,056 22,572 22,017
Net earnings per share $0.66 $0.05 $0.84 $0.24
<FN>
i) Stock options of 980 in 1996 are not included because
their inclusion results in less than 3% dilution.
ii) Stock options of 662 in 1996 are not included because
their inclusion results in less than 3% dilution.