CLARCOR INC.
EXHIBIT (11) - COMPUTATIONS OF PER SHARE EARNINGS
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Nine Months Ended
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August 27, August 28,
1994 1993
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AVERAGE SHARES OUTSTANDING
1. Average number of shares outstanding 14,821,256 14,843,398
2. Net additional shares resulting from
assumed exercise of stock options* 222,219 186,685
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3. Adjusted average shares outstanding
for fully diluted computation
(1 plus 2) 15,043,475 15,030,083
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Earnings per share of common stock:
Primary $.95 $.74
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Assuming full dilution $.94 $.73
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* Assumes proceeds from exercise of stock options used to purchase treasury
shares at the greater of the quarter-end or the average market price during
the period.
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