DAY RUNNER, INC.
EXHIBIT 11.1
DAY RUNNER, INC.
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARES
Years Ended June 30,
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1997 1996 1995
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Net Income $ 12,548,000 $ 11,818,000 $ 7,978,000
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PRIMARY:
Weighted average shares outstanding 6,216,000 6,234,000 6,088,000
Additional shares from assumed exercise of options
and warrants 1,379,000 1,147,000 939,000
Shares assumed to be repurchased under the
treasury stock method (825,000) (596,000) (534,000)
NQ tax benefit (179,000) (183,000) (119,000)
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Total 6,591,000 6,602,000 6,374,000
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FULLY DILUTED:
Weighted average shares outstanding 6,216,000 6,234,000 6,088,000
Additional shares from assumed exercise of options
and warrants 1,379,000 1,147,000 953,000
Shares assumed to be repurchased under the
treasury stock method (669,000) (543,000) (527,000)
NQ tax benefit (240,000) (201,000) (128,000)
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Total 6,686,000 6,637,000 6,386,000
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EARNINGS PER SHARE:
Primary $ 1.90 $ 1.79 $ 1.25
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Fully diluted $ 1.88 $ 1.78 $ 1.25
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