EXHIBIT 11
BLYTH INDUSTRIES, INC.
COMPUTATIONS OF EARNINGS PER COMMON SHARE
(In thousands except per share data)
I. Six months ended July 31: 1997 1996
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Average number of shares outstanding
during the period 49,045 47,975
Common equivalent shares:
Shares issuable under outstanding
options which are dilutive 1,045 854
Shares which could have been purchased
based upon the market value for the period 567 356
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478 498
Weighted average number of common
and common equivalent shares outstanding 49,523 48,473
Net earnings $17,733 $14,164
Earnings per common and common equivalent share $ 0.36 $ 0.29
II. Three months ended July 31: 1997 1996
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Average number of shares outstanding
during the period 49,057 47,984
Common equivalent shares:
Shares issuable under outstanding
options which are dilutive 1,091 854
Shares which could have been purchased
based upon the market value for the period 548 329
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543 525
Weighted average number of common
and common equivalent shares outstanding 49,600 48,509
Net earnings $ 6,419 $ 6,707
Earnings per common and common equivalent share $ 0.13 $ 0.14