EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS EXCEPT FOR PER SHARE AMOUNTS) For The Six Months Ended 1/31/97 Primary EPS Fully Diluted ----------- ------------- Option shares assumed to be exercised 2,002 2,002 Proceeds upon exercise of options $39,657 $39,657 Market price of shares Closing $23.875 Average $22.615 Treasury shares purchasable from option proceeds 1,754 1,661 Common stock equivalents (excess shares under option over treasury shares thatcould be repurchased) 248 341 Average number of shares outstanding 58,235 58,235 Total of common and common equivalent shares 58,483 58,576 Net income for the period $38,168 $38,168 Earnings per share $.65 $.65 Reported earnings per share $.66 Not Applicable