KRONOS INCORPORATED EXHIBIT 11 - Statement re Computation of Per Share Earnings (In thousands, except share and per share amounts) September 30, ------------------------------------ 1997 1996 1995 ---------- ---------- ---------- Net income ................................. $ 11,272 $ 11,425 $ 8,398 ========== ========== ========== Net income per common share: Primary: Weighted average shares outstanding 8,187,977 8,041,428 7,824,279 Common Stock equivalents .......... 219,074 288,632 326,624 ---------- ---------- ---------- Total ................. 8,407,051 8,330,060 8,150,903 ========== ========== ========== Net income per common share ....... $ 1.34 $ 1.37 $ 1.03 ========== ========== ========== Fully diluted: Weighted average shares outstanding 8,187,977 8,041,428 7,824,279 Common Stock equivalents .......... 225,576 301,846 332,702 ---------- ---------- ---------- Total ................. 8,413,553 8,343,274 8,156,981 ========== ========== ========== Net income per common share ....... $ 1.34 $ 1.37 $ 1.03 ========== ========== ==========