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EXHIBIT 11
HELEN OF TROY LIMITED
AND SUBSIDIARIES
COMPUTATION OF NET EARNINGS PER SHARE (C)
Fiscal Years Ended February 28, 1997, February 29, 1996 and February 28, 1995
Reconciliation of weighted average number of shares
outstanding to amount used in earnings per share
computations:
1997 1996 1995
---- ---- ----
Primary Earnings per Share -
Weighted average number of common shares
outstanding (a) 13,038,786 12,917,028 12,703,130
Assume exercise of options and warrants reduced
by the number of shares which could have been
purchased with the proceeds from exercise of
such options and warrants (b) 846,018 455,702 892,620
Weighted average number of common shares
outstanding as adjusted 13,884,804 13,372,730 13,595,750
Net Earnings $17,158,000 $13,057,000 $11,216,000
Net Earnings per common share and common
equivalent share $ 1.24 $ .98 $ .82
Fully Diluted Earnings per Share -
Weighted average number of
common shares outstanding (a) 13,038,786 12,917,028 12,703,130
Assume exercise of options and warrants reduced
by the number of shares which could have been
purchased with the proceeds from exercise of
such options and warrants (b) 969,968 543,382 962,262
Weighted average number of common shares
outstanding, as adjusted 14,008,754 13,460,410 13,665,392
Net earnings, as reported $17,158,000 $13,057,000 $11,216,000
Net earnings per common share, assuming full dilution $ 1.23 $ .97 $ .82
(a) Weighted average number of common shares outstanding during the fiscal
years ended February 28, 1997, February 29, 1996 and February 28, 1995
were affected by the exercise of stock options for 178,275, 114,896 and
617,506 shares of common stock, respectively. Additionally, the
weighted average number of common shares outstanding was affected as
the Company repurchased and retired and no shares, no shares and
1,298,800 shares of its common stock during the fiscal years ended
February 28, 1997 and February 29, 1996 and February 28, 1995,
respectively.
(b) The number of shares which could have been purchased with the proceeds
of exercise of stock options and warrants differs between primary and
fully diluted due to the use of the Treasury Stock method. This method
uses the average stock price for the year in the computation of primary
earnings per share and the greater of the average or ending stock price
for fully diluted earnings per share.
(c) This calculation is submitted in accordance with Securities Act of 1933
Release No. 5133.