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EXHIBIT 11
Computations of Earnings Per Share Information Primary and Fully Diluted
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE INFORMATION
PRIMARY - EARNINGS
BEFORE CUMULATIVE EFFECT OF CHANGE
IN THE METHOD OF ACCOUNTING FOR INCOME TAXES
Year Ended June 30,
1996 1995 1994
---- ---- ----
(in thousands, except per share amounts)
Earnings before cumulative effect of change in the method
of accounting for income taxes for computing earnings
per share - primary.................................................... $10,466 $4,593 $7,310
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Weighted average number of common and
common equivalent shares outstanding................................... 1,180 1,245 1,247
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Earnings before cumulative effect of change in the method
of accounting for income taxes per common and common
equivalent share - primary.............................................. $ 8.87 $ 3.69 $ 5.86
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE INFORMATION
PRIMARY - NET EARNINGS
Year Ended June 30,
1996 1995 1994
---- ---- ----
(in thousands, except per share amounts)
Net earnings for computing earnings per share - primary................ $10,466 $4,593 $7,760
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Weighted average number of common and
common equivalent shares outstanding.................................. 1,180 1,245 1,247
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Net earnings per common and common equivalent
share - primary....................................................... $ 8.87 $ 3.69 $ 6.22
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE INFORMATION
FULLY DILUTED - EARNINGS BEFORE
CUMULATIVE EFFECT OF CHANGE IN THE METHOD
OF ACCOUNTING FOR INCOME TAXES
Year Ended June 30,
1996 1995 1994
---- ---- ----
(in thousands, except per share amounts)
Earnings before cumulative effect of change in the method of
accounting for income taxes for computing
earnings per share - primary ........................................ $10,466 $4,593 $7,310
Reduction of interest expense less applicable income taxes assuming
conversion of 7% convertible subordinated debentures due 2011........ 1,032 1,137 1,137
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Earnings before extraordinary item and cumulative effect
of change in the method of accounting for income taxes
for computing earnings per share - fully diluted ..................... $11,498 $5,730 $8,447
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Weighted average number of common
and common equivalent shares outstanding.............................. 1,186 1,260 1,249
Addition from assumed conversion as of the beginning of
each period of the 7% convertible subordinated debentures
outstanding at the end of each period................................. 884 885 886
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Weighted average number of common and common equivalent shares
outstanding on a fully diluted basis ................................ 2,070 2,145 2,135
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Earnings before cumulative effect of change in the method
of accounting for income taxes per common and common
equivalent share - fully diluted...................................... $ 5.56 $ 2.67 $3.96
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE INFORMATION
FULLY DILUTED - NET EARNINGS
Year Ended June 30,
1996 1995 1994
---- ---- ----
(in thousands, except per share amounts)
Net earnings for computing earnings per share - primary................ $10,466 $4,593 $7,760
Reduction of interest expense less applicable income taxes assuming
conversion of 7% convertible subordinated debentures due 2011........ 1,032 1,137 1,137
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Net earnings for computing earnings per share - fully diluted........ $11,498 $5,730 $8,897
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Weighted average number of common and common equivalent shares
outstanding ......................................................... 1,186 1,260 1,249
Addition from assumed conversion as of the beginning of each period
of the 7% convertible subordinated debentures outstanding at the
end of each period .................................................. 884 885 886
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Weighted average number of common and common equivalent shares
outstanding on a fully diluted basis ................................ 2,070 2,145 2,135
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Net earnings per common and common equivalent share-fully diluted .... $ 5.56 $ 2.67 $ 4.17
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