KRONOS INCORPORATED
EXHIBIT 11 - Statement re Computation of Per Share Earnings
(In thousands, except share and per share amounts)
September 30,
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1996 1995 1994
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Income before change in accounting principle $11,425 $8,398 $4,892
Cumulative effect of change in accounting principle
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Net income $11,425 $8,398 $4,892
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Net income per common share:
Primary:
Weighted average shares outstanding 8,041,428 7,824,279 7,653,387
Common Stock equivalents 288,632 326,624 206,126
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Total 8,330,060 8,150,903 7,859,513
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Income before change in accounting principle $1.37 $1.03 $0.62
Cumulative effect of change in accounting principle
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Net income per common share $1.37 $1.03 $0.62
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Fully diluted:
Weighted average shares outstanding 8,041,428 7,824,279 7,653,387
Common Stock equivalents 301,846 332,702 234,924
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Total 8,343,274 8,156,981 7,888,311
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Income before change in accounting principle $1.37 $1.03 $0.62
Cumulative effect of change in accounting principle
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Net income per common share $1.37 $1.03 $0.62
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