Exhibit 11.1
XTRA Corporation
Earnings Per Share and Weighted Average Shares Outstanding Calculation
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For the three and nine months ended June 30, 1996 and 1995
(Millions of dollars except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
June 30, June 30,
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1996 1995 1996 1995
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Net Income $ 7.8 $ 11.8 $ 29.9 $ 44.5
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Weighted average number of fully diluted common
shares outstanding (in thousands) 15,995 16,860 16,179 16,979
Earnings per common and
dilutive common equivalent share $ 0.49 $ 0.70 $ 1.85 $ 2.62
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Computation of Primary Shares Outstanding (in thousands)
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Weighted average common shares outstanding 15,970 16,775 16,147 16,890
Common stock equivalents for primary EPS: 25 85 30 88
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Weighted average number of common
shares outstanding (primary) 15,995 16,860 16,177 16,978
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Computation of Fully Diluted Shares Outstanding (in thousands)
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Weighted average common shares outstanding 15,970 16,775 16,147 16,890
Common stock equivalents for fully diluted EPS: 25 85 32 89
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Weighted average number of common
shares outstanding (fully diluted) 15,995 16,860 16,179 16,979
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