CLARCOR INC.
EXHIBIT (11) - COMPUTATIONS OF PER SHARE EARNINGS
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NINE MONTHS ENDED
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SEPTEMBER 2, AUGUST 27,
1995 1994
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AVERAGE SHARES OUTSTANDING
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1. Average number of shares 14,793,544 14,821,256
2. Net additional shares resulting from assumed
exercise of stock options* 372,223 222,219
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3. Adjusted average shares outstanding for fully
diluted computation (1 plus 2) 15,165,767 15,043,475
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Earnings per share of common stock:
Primary $1.00 $ .95
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Assuming full dilution $ .97 $ .94
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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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