EXHIBIT 11.01
CONSOLIDATED PRODUCTS, INC.
COMPUTATION OF EARNINGS PER SHARE
NET EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
Primary and fully diluted earnings per common and common equivalent share
are computed by dividing net earnings by the weighted average number of common
shares outstanding and common equivalent shares. Common equivalent shares
include shares subject to purchase under stock options.
Net earnings per common and common equivalent share and weighted average
shares and equivalents for the twelve weeks ended December 20, 1995 have been
restated to give effect to the 10% stock dividend declared on December 18, 1996.
The following table presents information necessary to calculate net
earnings per common and common equivalent share:
TWELVE WEEKS ENDED
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DECEMBER 18 DECEMBER 20
1996 1995
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Primary:
Weighted average shares outstanding 15,368,567 15,038,331
Share equivalents 289,347 391,756
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Weighted average shares and equivalents 15,657,914 15,430,087
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Fully Diluted:
Weighted average shares outstanding 15,368,567 15,038,331
Share equivalents 304,124 392,048
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Weighted average shares and equivalents 15,672,691 15,430,379
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Net earnings:
Net earnings for primary and fully diluted earnings
per share computation $ 3,229,205 $ 2,753,930
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