COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE Three Months Ended Six Months Ended June 30, June 30, ----------------------------- ----------------------------- 1996 1995 1996 1995 -------------- -------------- -------------- -------------- (In millions of dollars, except share and per share amounts) Weighted average common and common equivalent shares outstanding during each period 9,376,703 9,376,703 9,376,703 9,376,703 Common equivalent shares attributable to stock options and convertible securities 94,511 71,175 93,074 71,175 -------------- -------------- -------------- -------------- Total common and common equivalent shares 9,471,214 9,447,878 9,469,777 9,447,878 ============== ============== ============== -============= Net income $ 16.9 $ 25.4 $ 22.7 $ 24.4 ============== ============== ============== ============== Net income per common and common equivalent share $ 1.78 $ 2.69 $ 2.40 $ 2.58 ============== ============== ============== ==============