Exhibit 11(a)
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Millions Except Per Share Data)
For The Three Months Ended
September 28, 1997 September 29, 1996
Amount Per Share Amount Per Share
Primary:
Average shares outstanding 94.8 87.8
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the average market price 2.3 2.4
----- -----
Adjusted shares outstanding 97.1 90.2
===== =====
Earnings from continuing operations $58.4 $55.7
Less preferred stock dividend - (Note 1) 2.9
----- -----
Earnings from continuing operations
attributable to common stock $58.4 $.60 $52.8 $.59
===== ==== ===== ====
Fully Diluted:
Average shares outstanding 94.8 87.8
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the higher of the
average market price or ending market
price 2.3 2.5
----- -----
Adjusted shares outstanding 97.1 90.3
Average shares assumed to be
converted through convertible
preferred stock - (Note 1) 6.3
----- -----
Fully diluted average
shares outstanding 97.1 96.6
===== =====
Earnings from continuing operations $58.4 $.60 $55.7 $.58
===== ==== ===== ====
<FN>
Notes: 1. The convertible preferred stock was converted to common stock on October 14, 1996.
</FN>
Exhibit 11(b)
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Millions Except Per Share Data)
For The Three Months Ended
September 28, 1997 September 29, 1996
Amount Per Share Amount Per Share
Primary:
Average shares outstanding 94.8 87.8
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the average market price 2.3 2.4
----- -----
Adjusted shares outstanding 97.1 90.2
===== =====
Net earnings $58.4 $55.7
Less preferred stock dividend - (Note 1) 2.9
----- -----
Net earnings attributable to common stock $58.4 $.60 $52.8 $ .59
===== ==== ===== =====
Fully Diluted:
Average shares outstanding 94.8 87.8
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the higher of the
average market price or ending market
price 2.3 2.5
----- -----
Adjusted shares outstanding 97.1 90.3
Average shares assumed to be
converted through convertible
preferred stock - (Note 1) 6.3
----- -----
Fully diluted average
shares outstanding 97.1 96.6
===== =====
Net earnings $58.4 $.60 $55.7 $ .58
===== ==== ===== =====
<FN>
Notes: 1. The convertible preferred stock was converted to common stock on October 14, 1996.
</FN>
Exhibit 11(c)
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Millions Except Per Share Data)
For The Nine Months Ended
September 28, 1997 September 29, 1996
Amount Per Share Amount Per Share
Primary:
Average shares outstanding 94.5 87.4
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the average market price 2.0 2.5
----- -----
Adjusted shares outstanding 96.5 89.9
===== =====
Earnings from continuing operations $130.2 $68.6
Less preferred stock dividend - (Note 1) 8.7
----- -----
Earnings from continuing operations
attributable to common stock $130.2 $1.35 $59.9 $.67
====== ===== ===== ====
Fully Diluted:
Average shares outstanding 94.5 87.4
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the higher of the
average market price or ending market
price 2.1 2.6
----- -----
Adjusted shares outstanding 96.6 90.0
Average shares assumed to be
converted through convertible
preferred stock - (Note 1) 6.4
----- -----
Fully diluted average
shares outstanding 96.6 96.4
===== =====
Earnings from continuing operations $130.2 $1.35 $68.6 $.71
====== ===== ===== ====
<FN>
Notes: 1. The convertible preferred stock was converted to common stock on October 14, 1996.
</FN>
Exhibit 11(d)
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Millions Except Per Share Data)
For The Nine Months Ended
September 28, 1997 September 29, 1996
Amount Per Share Amount Per Share
Primary:
Average shares outstanding 94.5 87.4
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the average market price 2.0 2.5
----- -----
Adjusted shares outstanding 96.5 89.9
===== =====
Net earnings $130.2 $139.0
Less preferred stock dividend - (Note 1) 8.7
----- -----
Net earnings attributable to common stock $130.2 $1.35 $130.3 $1.45
====== ===== ====== =====
Fully Diluted:
Average shares outstanding 94.5 87.4
Dilutive stock options and stock
issuable under employee benefit
plans-based on the Treasury stock
method using the higher of the
average market price or ending market
price 2.1 2.6
----- -----
Adjusted shares outstanding 96.6 90.0
Average shares assumed to be
converted through convertible
preferred stock - (Note 1) 6.4
----- -----
Fully diluted average
shares outstanding 96.6 96.4
===== =====
Net earnings $130.2 $1.35 $139.0 $1.44
====== ===== ====== =====
<FN>
Notes: 1. The convertible preferred stock was converted to common stock on October 14, 1996.
</FN>