EXHIBIT 11
INTERCO INCORPORATED
STATEMENT RE COMPUTATION OF NET EARNINGS PER COMMON SHARE
Three Months Three Months
Ended Ended
March 31, March 31,
1995 1994
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Primary:
Weighted average common shares outstanding during the period............... 50,096,435 50,016,038
Common shares issuable on exercise of stock options (1).................... 529,625 912,079
Common shares issuable on exercise of warrants (2)......................... - 860,766
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Weighted average common and common equivalent shares outstanding for
primary calculation...................................................... 50,626,060 51,788,883
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Fully diluted:
Weighted average common and common equivalent shares outstanding for
primary calculation...................................................... 50,626,060 51,788,883
Common shares issuable on exercise of stock options (3).................... 781 25,372
Common shares issuable on exercise of warrants (4)......................... - -
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Weighted average common and common equivalent shares outstanding for
fully diluted calculation................................................ 50,626,841 51,814,255
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INTERCO INCORPORATED
NOTES TO STATEMENT RE COMPUTATION OF NET EARNINGS PER COMMON SHARE
(1) Includes common stock options, the exercise of which would result
in dilution of net earnings per common share. Such common stock
options have been considered as exercised and the proceeds therefrom
were used to purchase common stock at the average common stock market
price, if the average common stock market price was higher than the
common stock option exercise price during the period.
(2) Includes common stock warrants, the exercise of which would result
in dilution of net earnings per common share. Such common stock
warrants have been considered as exercised and the proceeds therefrom
were used to purchase common stock at the average common stock market
price, if the average common stock market price was higher than the
common stock warrant exercise price during the period.
(3) Additional common shares issuable resulting from the application of
the same Note (1), except that the proceeds from assumed common stock
options exercised were used to purchase common stock at the month end
common stock market price, if the month end common stock market price
was higher than the average common stock market price during the
period.
(4) Additional common shares issuable resulting from the application of the
of the same principles described in Note (2), except that the proceeds
from assumed common stock warrants exercised were used to purchase
common stock at the month end common stock market price, if the month
end common stock market price was higher than the average common stock
market price during the period.