Exhibit 11
CALCULATION OF PRIMARY EARNINGS PER SHARE
Three Months Ended Nine Months Ended
January 31, January 31,
1995 1994 1995 1994
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Net earnings (loss) from continuing operations $ 8,084,000 $ (17,934,000) $ 3,872,000 $ (30,350,000)
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Net earnings $ 8,084,000 $ 12,556,000 $ 3,872,000 $ 6,183,000
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Average number of shares outstanding -
primary:
Average number of common shares
outstanding 105,311,000 105,919,000 105,104,000 105,802,000
Dilutive effect of stock options after
application of treasury stock method 347,000 973,000 625,000 779,000
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Average number of shares outstanding 105,658,000 106,892,000 105,729,000 106,581,000
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Primary earnings (loss) per share:
From continuing operations $ .08 $ (.17) $ .04 $ (.28)
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Net earnings $ .08 $ .12 $ .04 $ .06
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CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
Three Months Ended Nine Months Ended
January 31, January 31,
1995 1994 1995 1994
--------------- -------------- -------------- ---------------
Net earnings (loss) from continuing operations $ 8,084,000 $ (17,934,000) $ 3,872,000 $ (30,350,000)
=============== ============== ============== ===============
Net earnings $ 8,084,000 $ 12,556,000 $ 3,872,000 $ 6,183,000
=============== ============== ============== ===============
Average number of shares outstanding -
fully diluted:
Shares used in calculating primary
earnings per share 105,658,000 106,892,000 105,729,000 106,581,000
Additional effect of stock options after
application of treasury stock method - - - -
--------------- -------------- -------------- ---------------
Average number of shares outstanding 105,658,000 106,892,000 105,729,000 106,581,000
=============== ============== ============== ===============
Fully diluted earnings (loss) per share:
From continuing operations $ .08 $ (.17) $ .04 $ (.28)
=============== ============== ============== ===============
Net earnings $ .08 $ .12 $ .04 $ .06
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