EXHIBIT 11 REEBOK INTERNATIONAL LTD. (Amount in thousands, except per share data) Exhibit 11 - Statement Re: computation per share earnings 1995 1994 1993 ____ ____ ____ Primary Average shares outstanding 78,317 82,228 86,462 Net effect of dilutive stock options 1,170 2,083 1,886 ________ ________ ________ TOTAL 79,487 84,311 88,348 ________ ________ ________ Net Income $164,798 $254,478 $223,415 ________ ________ ________ Per share amount $2.07 $3.02 $2.53 ________ ________ ________ Fully Diluted Average shares outstanding 78,317 82,228 86,462 Net effect of dilutive stock options 1,170 2,455 1,911 ________ ________ ________ TOTAL 79,487 84,683 88,373 ________ ________ ________ Net Income $164,798 $254,478 $223,415 ________ ________ ________ Per share amount $2.07 $3.01 $2.53 ________ ________ ________