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Exhibit (11) - Statement Re: Computation of Earnings per Unit
Nine Months Ended Three Months Ended
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March 31, March 31, March 31, March 31,
1997 1996 1997 1996
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Average units outstanding 5,528,865 5,806,757 5,096,164 5,641,278
Net effect of dilutive stock options based on the treasury
stock method using average market price 244,441 163,639 253,521 163,639
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Average units outstanding 5,773,306 5,970,396 5,349,685 5,804,917
Units equivalent to 1% General Partnership interest of BCLP 58,316 60,307 54,037 58,636
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Average units outstanding 5,831,622 6,030,703 5,403,722 5,863,553
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Income from continuing operations:
Income before interests of General Partners $ 11,342,291 $ 16,553,922 $ 10,006,040 $ 10,913,284
Applicable to interests of General Partners of subsidiary
partnerships 146,073 177,565 116,626 128,869
Applicable to 1% General Partnership interest of BCLP 111,962 163,764 98,894 107,845
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258,035 341,329 215,520 236,714
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Applicable to interests of Limited Partners $ 11,084,256 $ 16,212,593 $ 9,790,520 $ 10,676,570
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Per Limited Partnership Unit $ 1.92 $ 2.72 $ 1.83 $ 1.84
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Net Income:
Income before interests of General Partners $ 11,342,291 $ 54,967,635 $ 10,006,040 $ 10,913,284
Applicable to interests of General Partners of subsidiary
partnerships 146,073 740,474 116,626 128,869
Applicable to 1% General Partnership interest of BCLP 111,962 542,272 98,894 107,845
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258,035 1,282,746 215,520 236,714
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Applicable to interests of Limited Partners $ 11,084,256 $ 53,684,889 $ 9,790,520 $ 10,676,570
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Per Limited Partnership Unit $ 1.92 $ 8.99 $ 1.83 $ 1.84
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