Exhibit (11.2)
THE MEAD CORPORATION AND CONSOLIDATED SUBSIDIARIES
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CALCULATION OF FULLY DILUTED NET EARNINGS PER COMMON AND COMMON EQUIVALENT)
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SHARE (1)
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(All amounts in thousands, except per share amounts)
Second Quarter Ended First Half Ended
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July 3, July 4, July 3, July 4,
1994 1993 1994 1993
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NET EARNINGS APPLICABLE TO COMMON AND COMMON
EQUIVALENT SHARES $53,778 $48,669 $82,790 $75,722
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AVERAGE NUMBER OF SHARES OUTSTANDING ON A
FULLY DILUTED BASIS:
Shares used in calculating primary earnings
per share 62,414 62,293 62,442 62,141
Additional dilutive effect of stock options after
application of treasury stock method 1 2 58
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AVERAGE NUMBER OF SHARES OUTSTANDING ON A
FULLY DILUTED BASIS 62,415 62,295 62,442 62,199
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FULLY DILUTED NET EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARE $ .86 $ .78 $1.33 $1.22
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(1) This calculation is submitted in accordance with 17 CFR 229.601(b)(11)
although not required by APB Opinion No. 15 because it results in
dilution of less than 3%.
QUARTERLY\EX-11(2).WP
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