Item 6. TIFFANY & CO. AND SUBSIDIARIES
EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
(in thousands, except per share amounts)
For the
Three Months Ended
April 30,
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1997 1996
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PRIMARY EARNINGS PER SHARE:
Net earnings on which primary
earnings per share are based $ 8,880 $ 5,077
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Weighted average number of
common shares 34,722 32,256
Add:
Weighted average effect of the
exercise of stock options 1,189 1,144
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Weighted average number of shares on
which primary earnings are based 35,911 33,400
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Primary net earnings per common share $ 0.25 $ 0.15
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FULLY DILUTED EARNINGS PER SHARE:
Net earnings on which primary earnings
per share are based $ 8,880 $ 5,077
Add:
Interest and fees on convertible
subordinated debt, net of
applicable income taxes - 453
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Net earnings on which fully diluted
earnings per share are based $ 8,880 $ 5,530
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Weighted average number of common
shares on which fully diluted
earnings per share are based 34,722 33,610
Add:
Shares assumed upon conversion
of convertible debt, using the
"if converted" method 1,276 1,786
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Weighted average number of shares
used in calculating fully diluted
earnings per share 35,998 35,396
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Fully diluted net earnings per common share $ 0.25 $ 0.15
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