Exhibit 11.1
CLEAN HARBORS, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER SHARE
FOR THE SECOND QUARTER ENDED JUNE 30, 1994
(in thousands)
Three Months Ended Six Months Ended
June 30, June 30,
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1994 1993 1994 1993
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Net income $1,251 $1,440 $1,848 $2,275
Less preferred dividends accrued 112 100 212 150
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Adjusted net income $1,139 $1,340 $1,636 $2,125
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Earning per common and common
equivalent share:
Weighted average number of
shares outstanding 9,429 9,417 9,428 9,393
Incremental shares for stock options
under treasury stock method 225 792 252 797
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Weighted average number of
common and common equivalent
shares outstanding 9,654 10,209 9,680 10,190
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Net earnings per common and common
equivalent share $ .12 $ .13 $ .17 $ .21
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Earnings per common and common
equivalent share - assuming full
dilution:
Weighted average number of
shares outstanding 9,429 9,417 9,428 9,393
Incremental shares for stock options
under treasury stock method 256 792 255 797
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Weighted average number of common and
common equivalent shares outstanding
- assuming full dilution 9,685 10,209 9,683 10,190
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Net earnings per common and common
equivalent share - assuming
full dilution $ .12 $ .13 $ .17 $ .21
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