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EXHIBIT 11
SYBRON INTERNATIONAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
YEARS ENDED SEPTEMBER 30,
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1994 1995 1996
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Earnings:
Income before extraordinary item and cumulative effect of
change in accounting principle.............................. $43,015 $51,800 $57,584
Extraordinary item............................................. -- (2,885) --
Cumulative effect of change in accounting principle............ (420) -- --
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Net income..................................................... $42,595 $48,915 $57,584
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Primary:
Shares:
Weighted average common shares.............................. 46,338 46,416 46,733
Common equivalent shares.................................... 234 562 1,184
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46,572 46,978 47,917
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Per Share:
Earnings before extraordinary item and cumulative effect of
change in accounting principle............................ $ .92 $ 1.10 $ 1.20
Extraordinary item.......................................... -- (.06) --
Cumulative effect of change in accounting principle......... (.01) -- --
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Net earnings................................................ $ .91 $ 1.04 $ 1.20
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Fully diluted:
Shares:
Weighted average common shares.............................. 46,338 46,416 46,733
Common equivalent shares.................................... 286 600 1,316
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46,624 47,016 48,049
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Per Share:
Earnings before extraordinary item and cumulative effect of
change in accounting principle............................ $ .92 $ 1.10 $ 1.20
Extraordinary item.......................................... -- (.06) --
Cumulative effect of change in accounting principle......... (.01) -- --
------- ------- -------
Net earnings................................................ $ .91 $ 1.04 $ 1.20
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