II-VI INCORPORATED AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Year Ended June 30,
($000'S except per share data) 1997 1996 1995
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Net earnings $ 7,111 $ 4,371 $ 2,518
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Common stock 6,359 5,842 5,045
Outstanding options 255 411 244
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Primary weighted average shares outstanding 6,614 6,253 5,289
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Common stock 6,359 5,842 5,045
Outstanding options 255 444 402
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Fully diluted weighted average shares outstanding 6,614 6,286 5,447
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Primary earnings per share $ 1.08 $ 0.70 $ 0.48
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Fully diluted earnings per share $ 1.08 $ 0.70 $ 0.46
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Notes:
The 1995 calculation is adjusted to reflect the two-for-one stock split in fiscal 1996.
The common stock equivalents consist of the shares reserved for issuance under II-VI's stock option plan and
deferred under II-VI's deferred compensation, earnings growth, deferred compensation plan for directors and
directors' common stock plan.
The fully diluted earnings per share calculations are submitted in accordance with Regulation S-K item
601(b) (11).