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EXHIBIT 11.0
KIRBY CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
Three months ended
March 31,
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1998 1997
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(in thousands, except per
share amounts)
Net earnings from continuing operations $ 5,040 2,622
Net earnings from discontinued operations -- 2,117
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Net earnings $ 5,040 4,739
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Basic earnings per share:
Weighted average number of common shares outstanding 24,051 24,604
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Basic earnings per share from continuing operations $ .21 .11
Basic earnings per share from discontinued operations -- .08
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Basic earnings per share $ .21 .19
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Diluted earnings per share:
Weighted average number of common shares outstanding 24,051 24,604
Dilutive shares applicable to stock options 296 209
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Shares applicable to diluted earnings 24,347 24,813
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Diluted earnings per share from continuing operations $ .21 .11
Diluted earnings per share from discontinued operations -- .08
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Diluted earnings per share $ .21 .19
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