Exhibit 11
(Page 1 of 2)
COMPUTATION OF NET INCOME PER COMMON SHARE *
(in thousands - except per share amounts)
Three months Six months
ended December 3 ended December 31,
1996 1995 1996 1995
------ ------ ------ ------
COMPONENTS OF PRIMARY NET INCOME
PER COMMON SHARE:
Net income ...................... $ 15,351 $ 14,637 $ 33,358 $ 30,170
======== ======== ======== ========
Average common shares outstanding
during the period ............. 43,243 44,398 43,196 44,356
Average treasury shares held
during the period ............. (2,395) (2,752) (2,109) (2,650)
Common shares issuable with
respect to common equivalents
for stock options ............. 1,050 916 975 866
-------- -------- -------- --------
Average common and common
equivalent shares outstanding . 41,898 42,562 42,062 42,572
======== ======== ======== ========
Primary earnings per share:
Net income .................... $ 0.37 $ 0.34 $ 0.80 $ 0.71
======== ======== ======== ========
* - Fiscal 1996 share and per share amounts have been restated to
reflect a two-for-one stock split which was effective February 5,
1996.
Exhibit 11
(Page 2 of 2)
COMPUTATION OF NET INCOME PER COMMON SHARE *
(in thousands - except per share amounts)
Three months Six months
ended December 31, ended December 31,
1996 1995 1996 1995
------ ------ ------ ------
COMPONENTS OF FULLY DILUTED NET INCOME
PER COMMON SHARE:
Net income ...................... $ 15,351 $ 14,637 $ 33,358 $ 30,170
======== ======== ======== ========
Average common shares outstanding
during the period ............. 43,243 44,398 43,196 44,356
Average treasury shares held
during the period ............. (2,395) (2,752) (2,109) (2,650)
Common shares issuable with
respect to common equivalents
for stock options ............. 1,070 982 1,071 980
-------- -------- -------- --------
Average common and common
equivalent shares outstanding . 41,918 42,628 42,158 42,686
======== ======== ======== ========
Primary earnings per share:
Net income .................... $ 0.37 $ 0.34 $ 0.80 $ 0.71
======== ======== ======== ========
* - Fiscal 1996 share and per share amounts have been restated to
reflect a two-for-one stock split which was effective February 5,
1996.