1
EXHIBIT 11
TIDEWATER INC.
COMPUTATION OF EARNINGS AND SHARES USED IN ARRIVING
AT PRIMARY AND FULLY-DILUTED EARNINGS PER SHARE FOR
THE QUARTER ENDED JUNE 30, 1995
Quarter Ended
June 30, 1995
-------------
Net earnings (in thousands) $ 16,493
============
Computation of weighted average
number of common shares outstanding :
- -----------------------------------------
Issued: 53,270,130 shares
Weighted average common shares outstanding 53,251,263
Plus: Incremental shares applicable to stock options 387,103
------------
Weighted average common shares & equivalents 53,638,366
============
Primary and fully diluted earnings per common share $ .31
============
- 23 -