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Exhibit 11.1
SERVICE CORPORATION INTERNATIONAL
COMPUTATION OF EARNINGS PER SHARE
Nine Months Ended Three Months Ended
September 30, September 30,
1995 1994 1995 1994
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(Thousands, except per share amounts)
PRIMARY:
Net income . . . . . . . . . . . . . . . . . . . . $ 127,156 $ 96,243 $ 39,136 $ 28,603
Average number of common shares
outstanding . . . . . . . . . . . . . . . 96,308 85,797 97,042 86,126
Common stock equivalents applicable to options
outstanding resulting from application
of the "treasury stock method" using
average stock price . . . . . . . . . . . 1,027 418 1,505 452
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Average common and common equivalent shares
used in earnings per share . . . . . . . . 97,335 86,215 98,547 86,578
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Primary Earnings Per Common Share:
Net income . . . . . . . . . . . . . . . . $ 1.31 $ 1.12 $ .40 $ .33
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FULLY DILUTED:
Net income . . . . . . . . . . . . . . . . . . . . $ 127,156 $ 96,243 $ 39,136 $ 28,603
Add after tax interest expense applicable to
convertible debentures . . . . . . . . . . 9,702 6,112 2,252 2,076
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$ 136,858 $ 102,355 $ 41,388 $ 30,679
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Average number of common shares
outstanding . . . . . . . . . . . . . . . 96,308 85,797 97,042 86,126
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) . . . 1,254 426 1,925 452
Assuming conversion of convertible debentures . . . 15,068 10,163 13,703 10,249
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Average shares used in fully diluted earnings
per share . . . . . . . . . . . . . . . . 112,630 96,386 112,670 96,827
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Fully Diluted Earnings Per Common Share:
Net income . . . . . . . . . . . . . . . . $ 1.22 $ 1.06 $ .37 $ .32
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