1 EXHIBIT 11 Helene Curtis Industries, Inc. and Subsidiaries COMPUTATIONS OF EARNINGS PER SHARE (Dollars in thousands, except per-share data) For the Three Months For the Nine Months Ended November 30, Ended November 30, ---------------------------- -------------------------- 1995 1994 1995 1994 ---------- ---------- ---------- ---------- Primary earnings (loss) per share: Net earnings (loss) $ (7,196) $ 3,363 $ 206 $ 11,396 ========== ========== ========== ========== Weighted average number of shares outstanding: Common and Class B Common Shares 9,462,758 9,442,298 9,455,157 9,443,181 Common stock equivalents 29,977 83,200 47,524 43,423 ---------- ---------- ---------- ---------- Total 9,492,735 9,525,498 9,502,681 9,486,604 ========== ========== ========== ========== Primary earnings (loss) per share $ (.76) $ .35 $ .02 $ 1.20 ========== ========== ========== ========== Fully diluted earnings (loss) per share: Net earnings (loss) $ (7,196) $ 3,363 $ 206 $ 11,396 ========== ========== ========== ========== Weighted average number of shares outstanding: Common and Class B Common Shares 9,462,758 9,442,298 9,455,157 9,443,181 Common stock equivalents 28,564 81,219 38,710 49,771 ---------- ---------- ---------- ---------- Total 9,491,322 9,523,517 9,493,867 9,492,952 ========== ========== ========== ========== Fully diluted earnings (loss) per share $ (.76) $ .35 $ .02 $ 1.20 ========== ========== ========== ========== Note: Fully diluted amounts are not included on the face of the consolidated statements of earnings because they differ from primary earnings per share by less than 3%. -14-