EXHIBIT 11.1
XTRA CORPORATION
EARNINGS PER SHARE AND WEIGHTED AVERAGE SHARES OUTSTANDING
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CALCULATION
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FOR THE THREE MONTHS ENDED DECEMBER 31, 1996 AND 1995
(MILLIONS OF DOLLARS EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
Three Months Ended
December 31,
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1996 1995
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Net Income $ 13.1 $ 13.9
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Weighted average number of fully
diluted common
shares outstanding (in thousands) 15,318 16,431
Earnings per fully diluted common share $ 0.85 $ 0.85
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Computation of Primary Shares
Outstanding (in thousands)
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Weighted average common shares 15,299 16,396
outstanding
Common stock equivalents for primary
EPS: 17 35
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Weighted average number of common
shares outstanding (primary) 15,316 16,431
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Computation of Fully Diluted Shares
Outstanding (in thousands)
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Weighted average common shares
outstanding 15,299 16,396
Common stock equivalents for fully
diluted EPS: 19 35
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Weighted average number of common
shares outstanding (fully diluted) 15,318 16,431
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