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Tuscarora Incorporated
EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
Three Months Ended November 30,
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1995 1994
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(In thousands, except per share data)
PRIMARY
Weighted average number of shares of
Common Stock outstanding 6,182 6,148
Net effect of dilutive stock options -
based on the treasury stock method
using average market price 135 85
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TOTAL 6,317 6,233
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Net income 3,154 2,501
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Per share amount $ .50 $ .40
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FULLY DILUTED
Weighted average number of shares of
Common Stock outstanding 6,182 6,148
Net effect of dilutive stock options -
based on the treasury stock method
using greater of average market price
or closing market price 136 94
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TOTAL 6,318 6,242
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Net income 3,154 2,501
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Per share amount $ .50 $ .40
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