EXHIBIT 11 HELENE CURTIS INDUSTRIES, INC. COMPUTATION OF EARNINGS PER SHARE for the years ended February 28 or 29, 1994, 1993 and 1992 (Dollar Amounts in Thousands, Except Per-Share Data) 1994 1993 1992 ---- ---- ---- Primary Earnings Per Share: Net earnings $ 12,942 $ 22,109 $ 19,236 ---------- ---------- ---------- Weighted Average Shares Outstanding: Common and Class B Shares 9,423,817 9,341,709 9,269,418 Common Stock Equivalents 52,667 164,832 170,075 ---------- ---------- ---------- Total 9,476,484 9,506,541 9,439,493 ---------- ---------- ---------- Primary Earnings Per Share $ 1.37 $ 2.33 $ 2.04 ---------- ---------- ---------- ---------- ---------- ---------- Fully Diluted Earnings Per Share: Net earnings $ 12,942 $ 22,109 $ 19,236 ---------- ---------- ---------- Weighted Average Shares Outstanding: Common and Class B Shares 9,423,817 9,341,709 9,269,418 Common Stock Equivalents 24,941 232,972 206,268 ---------- ---------- ---------- Total 9,448,758 9,574,681 9,475,686 ---------- ---------- ---------- Fully Diluted Earnings Per Share $ 1.37 $ 2.31 $ 2.03 ---------- ---------- ---------- ---------- ---------- ---------- <FN> Note: - ---- Fully diluted amounts are not included on the face of the Consolidated Statement of Earnings because they differ from primary earnings per share by less than 3%.