EXHIBIT 11
BLYTH INDUSTRIES, INC.
COMPUTATIONS OF EARNINGS PER COMMON SHARE
(IN THOUSANDS EXCEPT PER SHARE DATA)
I. Nine months ended October 31: 1996 1995
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Average number of shares outstanding during the period 30,725 28,283
Common equivalent shares:
Shares issuable under outstanding options which are
dilutive 567 489
Shares which could have been purchased based upon the
market value for the period 224 322
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343 167
Weighted average number of common and common
equivalent shares outstanding 31,068 28,450
Net earnings $28,110 $16,982
Earnings per common and common equivalent share $0.91 $0.60
II. Three months ended October 31: 1996 1995
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Average number of shares outstanding during the period 30,742 28,329
Common equivalent shares:
Shares issuable under outstanding options which are
dilutive 567 489
Shares which could have been purchased based upon the
market value for the period 213 260
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354 229
Weighted average number of common and common
equivalent shares outstanding 31,096 28,558
Net earnings $14,254 $9,267
Earnings per common and common equivalent share $0.46 $0.33