Exhibit (11.1)
THE MEAD CORPORATION AND CONSOLIDATED SUBSIDIARIES
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CALCULATION OF PRIMARY NET EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
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(All amounts in thousands, except per share amounts)
First Quarter Ended
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April 3, April 4,
1994 1993
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NET EARNINGS APPLICABLE TO COMMON AND COMMON
EQUIVALENT SHARES $27,616 $25,597
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AVERAGE NUMBER OF COMMON AND COMMON EQUIVALENT
SHARES OUTSTANDING:
Average number of common shares outstanding 59,252 58,830
Dilutive effect of stock options after
application of treasury stock method 594 548
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AVERAGE NUMBER OF COMMON AND COMMON
EQUIVALENT SHARES OUTSTANDING 59,846 59,378
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PRIMARY NET EARNINGS PER COMMON AND COMMON
EQUIVALENT SHARE $.46 $.43
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QUARTERLY\EX-11(1).WP
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