TOLL BROTHERS, INC. & SUBSIDIARIES EXHIBIT 11
STATEMENT: COMPUTATION OF EARNINGS PER SHARE
Three Months Ended
January 31,
1995 1994
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Net income per income statement $ 8,259 $ 8,505
Addback: Interest on convertible
debentures, net of income taxes 400 49
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Net income (Fully diluted) $ 8,659 $ 8,554
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Net Income per share:
Primary $ 0.25 $ 0.25
Fully Diluted $ 0.24 $ 0.25
PRIMARY SHARES:
Weighted average shares outstanding 33,434 33,340
Common stock equivalents - stock
options 93 400
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TOTAL 33,527 33,740
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FULLY DILUTED SHARES:
Weighted average shares outstanding 33,434 33,340
Common stock equivalents - stock
options 108 510
Shares issuable on conversion of
subordinated debentures 2,467 345
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TOTAL 36,009 34,195
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