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Tuscarora Incorporated
EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Nine Months Ended
May 31, May 31,
1996 1995 1996 1995
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(In thousands, except per share data)
PRIMARY
Weighted average number of
shares of Common Stock
outstanding 6,266 6,153 6,230 6,150
Net effect of dilutive stock
options - based on the
treasury stock method using
average market price 128 124 127 106
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TOTAL 6,394 6,277 6,357 6,256
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Net income 2,371 2,345 7,512 6,686
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Per share amount $ .37 $ .37 $1.18 $1.07
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FULLY DILUTED
Weighted average number of
shares of Common Stock
outstanding 6,266 6,153 6,230 6,150
Net effect of dilutive stock
options - based on the
treasury stock method using
greater of average market
price or closing market price 130 124 130 123
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TOTAL 6,396 6,277 6,360 6,273
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Net income 2,371 2,345 7,512 6,686
===== ===== ===== =====
Per share amount $ .37 $ .37 $1.18 $1.07
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