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Tuscarora Incorporated
EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Six Months Ended
February 29, February 28, February 29, February 28,
1996 1995 1996 1995
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(In thousands, except per share data)
PRIMARY
Weighted average number of
shares of Common Stock
outstanding 6,242 6,151 6,212 6,149
Net effect of dilutive stock
options - based on the
treasury stock method using
average market price 123 104 126 95
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TOTAL 6,365 6,255 6,338 6,244
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Net income 1,987 1,840 5,141 4,341
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Per share amount $ .31 $ .29 $ .81 $ .70
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FULLY DILUTED
Weighted average number of
shares of Common Stock
outstanding 6,242 6,151 6,212 6,149
Net effect of dilutive stock
options - based on the
treasury stock method using
greater of average market
price or closing market price 127 136 127 137
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TOTAL 6,369 6,287 6,339 6,286
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Net income 1,987 1,840 5,141 4,341
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Per share amount $ .31 $ .29 $ .81 $ .69
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