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Exhibit 11
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CML GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Second Quarter Six Months
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1995 1994 1995 1994
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Primary earnings per share:
Weighted average number of shares
outstanding:
Common 49,870,036 50,608,727 49,928,177 50,601,622
Shares deemed outstanding from the
assumed exercise of stock options
and from deferred compensation
awards 810,197 1,219,259 814,829 1,293,658
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Total 50,680,233 51,827,986 50,743,006 51,895,280
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Net income $41,678,000 $38,302,000 $42,559,000 $45,443,000
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Primary earnings per share $ 0.82 $ 0.74 $ 0.84 $ 0.88
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Fully diluted earnings per share:
Weighted average number of shares
outstanding, as above 50,680,233 51,827,986 50,743,006 51,895,280
Shares deemed outstanding from the
assumed conversion of convertible
subordinated debentures 2,110,453 2,218,649 2,164,551 2,218,649
Additional shares deemed outstanding
from the assumed exercise of
stock options 7,926 -- 3,963 113,314
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Total 52,798,612 54,046,635 52,911,520 54,227,243
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Additional income from the elimination of
the interest cost of the convertible subord-
inated debentures, net of income tax effect $ 510,000 $ 512,000 $ 1,031,000 $ 1,026,000
Fully diluted earnings per share $ 0.80 $ 0.72 $ 0.82 $ 0.86
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