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Exhibit 11.1
SERVICE CORPORATION INTERNATIONAL
COMPUTATION OF EARNINGS PER SHARE
Six Months Ended June 30, Three Months Ended June 30,
1995 1994 1995 1994
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(Thousands, except per share amounts)
PRIMARY:
Net income . . . . . . . . . . . . . . . $ 88,020 $ 67,640 $ 40,640 $ 30,195
Average number of common shares
outstanding . . . . . . . . . . . . . . . 95,941 85,633 96,131 85,907
Common stock equivalents applicable to options
outstanding resulting from application
of the "treasury stock method" using
average stock price . . . . . . . . . . . 788 400 856 374
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Average common and common equivalent shares
used in earnings per share . . . . . . . 96,729 86,033 96,987 86,281
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Primary Earnings Per Common Share:
Net income . . . . . . . . . . . . . . . $ .91 $ .79 $ .42 $ .35
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FULLY DILUTED:
Net income . . . . . . . . . . . . . . . . . . . $ 88,020 $ 67,640 $ 40,640 $ 30,195
Add after tax interest expense applicable to
convertible debentures . . . . . . . . . 7,451 4,037 3,711 2,036
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$ 95,471 $ 71,677 $ 44,351 $ 32,231
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Average number of common shares
outstanding . . . . . . . . . . . . . . 95,941 85,633 96,131 85,907
Common stock equivalents applicable to options
outstanding resulting from application
of the "treasury stock method" using
end of period stock price (if greater
than average stock price for period) . . . 919 413 1,117 401
Assuming conversion of convertible debentures . . . 15,751 10,120 15,708 10,209
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Average shares used in fully diluted
earnings per share . . . . . . . . . . . . . 112,611 96,166 112,956 96,517
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Fully Diluted Earnings Per Common Share:
Net income . . . . . . . . . . . . . . . . $ .85 $ .74 $ .39 $ .33
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