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EXHIBIT 11
BARR LABORATORIES, INC.
COMPUTATION OF PER SHARE EARNINGS(1)
QUARTER ENDED SEPTEMBER 30, 1997 AND 1996
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
1997 1996
QUARTER QUARTER
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PRIMARY
Average shares outstanding 21,467 21,064
Net effect of dilutive stock options-based on treasury stock method using:
Average market price 1,587 1,076
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Total 23,054 22,140
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Net earnings $10,397 $ 1,767
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Net earnings per share $ 0.45 $ 0.08
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FULLY DILUTED
Average shares outstanding 21,467 21,064
Net effect of dilutive stock options-based on treasury stock method using:
Average market price 1,587
Quarter-end market price 1,175
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Total 23,054 22,239
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Net earnings $10,397 $ 1,767
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Net earnings per share $ 0.45 $ 0.08
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(1) 1996 has been adjusted for the May 1997 3-for-2 stock split.