EXHIBIT 11
CALCULATION OF PRIMARY EARNINGS PER SHARE
Year Ended April 30,
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1994 1993 1992
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Net earnings $200,528,000 $180,705,000 $162,253,000
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Average number of shares outstanding - primary:
Average number of common shares outstanding 105,882,000 106,579,000 107,495,000
Dilutive effect of stock options after
application of treasury stock method 887,000 1,065,000 1,659,000
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Average number of shares outstanding 106,769,000 107,644,000 109,154,000
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Earnings per share:
Primary $1.88 $1.68 $1.49
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EXHIBIT 11
CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
Year Ended April 30,
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1994 1993 1992
------------ ------------ ------------
Net earnings $200,528,000 $180,705,000 $162,253,000
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Average number of shares outstanding - fully
diluted: Shares used in calculating primary
earnings per share 106,769,000 107,644,000 109,154,000
Additional effect of stock options after
application of treasury stock method 203,000 - -
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Average number of shares outstanding 106,972,000 107,644,000 109,154,000
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Earnings per share:
Fully diluted $1.87 $1.68 $1.49
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