LIQUI-BOX CORPORATION STATEMENT RE COMPUTATION OF EARNINGS PER SHARE Thirteen Weeks Ended Thirty-nine Weeks Ended ----------------------- ------------------------- September 30, October 1, September 30, October 1, 1995 1994 1995 1994 ------------- ---------- ------------- ---------- Primary: Weighted average number of common shares outstanding ................. 6,237,156 6,319,438 6,237,156 6,340,091 Net effect of dilutive stock options-- based on treasury stock method using average market price ......... 120,068 136,475 126,687 140,230 ---------- ---------- ----------- ----------- Weighted average common and common equivalent shares ........... 6,357,224 6,455,913 6,363,843 6,480,321 ========= ========= ========= ========= Net Income .............................. $4,223,000 $3,962,000 $10,104,000 $11,227,000 Earnings per common and common equivalent share ............ $ 0.66 $ 0.61 $ 1.59 $ 1.73 ========== ========== =========== =========== Fully Diluted: Weighted average number of common shares outstanding ................. 6,237,156 6,319,438 6,237,156 6,340,091 Net effect of dilutive stock options-- based on treasury stock method using the quarter-end market price if higher than average market price 120,068 136,475 126,687 140,230 ---------- ---------- ----------- ----------- Fully Diluted Shares .................... 6,357,224 6,455,913 6,363,843 6,480,321 ========== ========= ========= ========= Net Income .............................. $4,223,000 $3,962,000 $10,104,000 $11,227,000 Earnings per share assuming full dilution ............. $ 0.66 $ 0.61 $ 1.59 $ 1.73 ========== ========== =========== =========== SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. LIQUI-BOX CORPORATION (Registrant) Date November 14, 1995 By /s/ Juan Jose Perez Juan Jose Perez Vice President - Administration (Duly Authorized Officer) Date November 14, 1995 By /s/ James B. Holloway James B. Holloway, Controller (Principal Accounting Officer) -13-