Exhibit 11
FARR COMPANY AND SUBSIDIARIES
EARNINGS PER SHARE CALCULATIONS
(Unaudited)
As a result of the 3 for 2 stock split to be distributed on March 28, 1997, per
share amounts for 1996 have been restated to reflect the weighted average number
of shares of common stock outstanding, increased by shares issued for the stock
split. The per share amounts in 1996 are calculated as though the stock split
occurred on the first day of the year.
March 29, 1997 March 30, 1996
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BASIC EARNINGS PER SHARE CALCULATION
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Earnings:
Net Income................................ $1,700,000 $1,178,000
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Shares:
Weighted average number of common
shares outstanding...................... 5,466,879 5,437,732
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Net Income Per Common Share.................. $ 0.31 $ 0.21
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PRIMARY EARNINGS PER SHARE CALCULATION
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Earnings:
Net Income................................. $1,700,000 $1,178,000
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Shares:
Weighted average number of common
shares outstanding....................... 5,466,879 5,437,732
Assuming exercise of options reduced by
the number of shares which could have
been purchased with the proceeds from
exercise of such options................. 152,871 38,832
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Weighted average number of common
shares and dilutive common share
equivalents outstanding.................. 5,619,750 5,476,564
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Net Income Per Common Share.................... $ 0.30 $ 0.21
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