(page 140) EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS FISCAL YEAR ENDED February 28, February 29, February 28, 1997 1996 1995 Primary Earnings Per Share: Average number shares outstanding 49,360,120 48,559,901 48,458,905 Net effect of stock options 786,119 1,043,736 1,494,894 Average number of shares as adjusted 50,146,239 49,603,637 49,953,799 Net earnings $40,185,000 $41,504,000 $66,813,000 Per share amount $0.80 $0.84 $1.34 Fully Diluted Earnings Per Share: Average number of shares outstanding 49,360,120 48,559,901 48,458,905 Net effect of stock options 796,990 1,084,671 1,494,894 Average number of shares as adjusted 50,157,110 49,644,572 49,953,799 Net earnings $40,185,000 $41,504,000 $66,813,000 Per share amount $0.80 $0.84 $1.34 Earnings Per Common Share Earnings per common share is computed by dividing net income by the weighted number of shares of common stock and common stock equivalents outstanding during each period. The Company has issued stock options, which are the Company's only common stock equivalents, at exercise prices ranging currently from $5.52 to $35.06. (page 141)