EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Three Months Ended
December 31, 1995
-------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $ 317,000 $ 317,000
Add interest expense and deferred charge
amortization (net of income taxes) 245,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $ 317,000 $ 562,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,863,168 7,863,168
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 126,579 126,579
--------- ---------
Average common and common equivalent shares
outstanding (B) 7,989,747 9,041,063
========= =========
Net earnings per common and common
equivalent shares (A/B) $ .04 $ .06
========= =========
<FN>
Notes:
(1) Net earnings for the full diluted calculation are adjusted for interest expense and
deferred charge amortization, assuming exercise of the conversion privilege on the 8%
convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Six Months Ended
December 31, 1995
--------------------------
Fully
Primary Diluted
---------- ----------
Net loss as reported $(10,245,000) $(10,245,000)
Add interest expense and deferred charge
amortization (net of income taxes) 490,000 (1)
------------ ------------
Adjusted net loss for computation (A) $(10,245,000) $ (9,755,000)
============ ============
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,863,056 7,863,056
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 126,579 126,579
----------- -----------
Average common and common equivalent shares
outstanding (B) 7,989,635 9,041,951
=========== ===========
Net loss per common and common
equivalent share (A/B) $ (1.28) $ (1.08)
=========== ===========
<FN>
Notes:
(1) Net earnings for the fully diluted calculation are adjusted for interest expense and
deferred charge amortization, assuming exercise of the conversion privilege on the 8%
convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings per Average Common
and Common Equivalent Share
For the Three Months Ended
December 31, 1994
-------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $ 877,000 $ 877,000
Add interest expense and deferred charge
amortization (net of income taxes) 245,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $ 877,000 $1,122,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,815,798 7,815,798
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 365,388 365,388
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,181,186 9,232,502
========= =========
Net earnings per common and common
equivalent shares (A/B) $ .11 $ .12
========= =========
<FN>
Notes:
(1) Net earnings for the full diluted calculation are adjusted for interest expense and
deferred charge amortization, assuming exercise of the conversion privilege on the 8%
convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Six Months Ended
December 31, 1994
--------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $2,965,000 $2,965,000
Add interest expense and deferred charge
amortization (net of income taxes) 491,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $2,965,000 $3,456,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,813,127 7,813,127
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 365,388 365,388
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,178,515 9,229,831
========= =========
Net earnings per common and common
equivalent share (A/B) $.36 $.37
========= =========
<FN>
Notes:
(1) Net earnings for the fully diluted calculation are adjusted for interest expense and
deferred charge amortization, assuming exercise of the conversion privilege on the 8%
convertible debentures.