EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Three Months Ended
March 31, 1995
--------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $1,709,000 $1,709,000
Add interest expense and deferred charge
amortization (net of income taxes) 245,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $1,709,000 $1,954,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,816,266 7,816,266
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 344,723 344,723
Shares issuable for retirement plan
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,160,989 9,212,305
========= =========
Net earnings per common and common
equivalent share (A/B) $.21 $.21
==== ====
Notes:
<FN>
(1) Net earnings for the fully diluted calculation are adjusted for interest
expense and deferred charge amortization, assuming exercise of the conversion
privilege on the 8% convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Three Months ended
March 31, 1994
-------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $2,376,000 $2,376,000
Add interest expense and deferred charge
amortization (net of income taxes) 245,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $2,376,000 $2,621,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,640,679 7,640,679
Shares assumed issued upon conversion of
debentures 1,052,632
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 371,784 383,701
Shares issuable for retirement plan 34,679 34,679
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,047,142 9,111,691
========= =========
Net earnings per common and common
equivalent share (A/B) $.29 $.29
==== ====
Notes:
<FN>
(1) Net earnings for the fully diluted calculation are adjusted for interest
expense and deferred charge amortization, assuming exercise privilege on the 8%
convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Nine Months Ended
March 31, 1995
-------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $4,674,000 $4,674,000
Add interest expense and deferred charge
amortization (net of income taxes) 735,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $4,674,000 $5,409,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,814,174 7,814,174
Shares assumed issued upon conversion of
debentures 1,051,316
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 344,723 344,723
Shares issuable for retirement plan
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,158,897 9,210,213
========= =========
Net earnings per common and common
equivalent share (A/B) $.57 $.59
==== ====
Notes:
<FN>
(1) Net earnings for the fully diluted calculation are adjusted for interest
expense and deferred charge amortization, assuming exercise of the conversion
privilege on the 8% convertible debentures.
EXHIBIT 11
QUIXOTE CORPORATION AND SUBSIDIARIES
Computation of Net Earnings Per Average Common
and Common Equivalent Share
For the Nine Months Ended
March 31, 1994
-------------------------
Fully
Primary Diluted
---------- ----------
Net earnings as reported $8,041,000 $8,041,000
Add interest expense and deferred charge
amortization (net of income taxes) 735,000 (1)
---------- ----------
Adjusted net earnings for computation (A) $8,041,000 $8,776,000
========== ==========
Average common shares outstanding would be
adjusted for the additional shares that
would be issued assuming conversion of the
debentures and exercise of stock options
as follows:
Weighted average shares outstanding 7,652,212 7,652,212
Shares assumed issued upon conversion of
debentures 1,052,632
Incremental shares outstanding assuming
exercise of stock options using the
treasury stock method 371,784 383,701
Shares issuable for retirement plan 34,679 34,679
--------- ---------
Average common and common equivalent shares
outstanding (B) 8,058,675 9,123,224
========= =========
Net earnings per common and common
equivalent share (A/B) $1.00 $.96
===== ====
Notes:
<FN>
(1) Net earnings for the fully diluted calculation are adjusted for interest
expense and deferred charge amortization, assuming exercise of the conversion
privilege on the 8% convertible debentures.