WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
EXHIBIT 11
ROTO-ROOTER, INC. AND SUBSIDIARY COMPANIES
COMPUTATION OF PER SHARE EARNINGS (a)
(in thousands except per share amount)
UNAUDITED
<F1>
Three Months Ended Six Months Ended
June 30, June 30,
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1996 1995 1996 1995
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Computation of Earnings Per
Common Share and Common
Equivalent Share:
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Net Income $ 2,785 $ 2,225 $ 5,344 $ 4,476
======= ======= ======= =======
Average Number of Shares Used
to Compute Earnings
per Common Share 5,158 5,088 5,151 5,085
Effect of Unexercised
Stock Options 62 43 56 38
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Average Number of Shares Used
to Compute Earnings per
Common and Common
Equivalent Share 5,220 5,131 5,207 5,123
======= ======= ======= =======
Earnings per Common and
Common Equivalent Share $ .53 $ .43 $ 1.03 $ .87
======= ======= ======= =======
Computation of Earnings
Per Common Share Assuming
Full Dilution:
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Net Income $ 2,785 $ 2,225 $ 5,344 $ 4,476
======= ======= ======= =======
Average Number of Shares
Used to Compute Earnings
per Common Share 5,158 5,088 5,151 5,085
Effect of Unexercised
Stock Options 65 51 67 51
------- ------- ------- -------
Average Number of Shares
Used to Compute Earnings
per Common Share Assuming
Full Dilution 5,223 5,139 5,218 5,136
======= ======= ======= =======
Earnings per Common Share
Assuming Full Dilution $ .53 $ .43 $ 1.02 $ .87
======= ======= ======= =======
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(a) This calculation is submitted in accordance with Regulation S-K, Item
601(b)(11), although not required by footnote 2 to paragraph 14 of APB
Opinion No. 15 because it results in dilution of less than
3%,including fractional cents per share.
E - 1
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