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EXHIBIT 11.1
CLEAN HARBORS, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER SHARE
FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 1994
(in thousands)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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1994 1993 1994 1993
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Net income (loss) $ (138) $ 275 $1,710 $2,550
Less preferred dividends accrued 117 100 329 250
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Adjusted net income (loss) $ (255) $ 175 $1,381 $2,300
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Earning per common and common
equivalent share:
Weighted average number of
shares outstanding 9,431 9,426 9,429 9,404
Incremental shares for stock options
under treasury stock method 162 402 220 697
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Weighted average number of
common and common equivalent
shares outstanding 9,593 9,828 9,649 10,101
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Net earnings (loss) per common and
common equivalent share $ (.03) $ .02 $ .14 $ .23
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Earnings per common and common
equivalent share - assuming full
dilution:
Weighted average number of
shares outstanding 9,431 9,426 9,429 9,404
Incremental shares for stock options
under treasury stock method 162 402 220 697
------ ------ ------ ------
Weighted average number of common and
common equivalent shares outstanding
- assuming full dilution 9,593 9,828 9,649 10,101
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Net earnings (loss) per common and
common equivalent share - assuming
full dilution $ (.03) $ .02 $ .14 $ .23
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