1 EXHIBIT 11 REEBOK INTERNATIONAL LTD. (Amount in thousands, except per share data) Exhibit 11 - Statement Re: computation per share earnings fully diluted 1996 1995 1994 ---- ---- ---- Primary - ------- Average shares outstanding 67,370 78,317 82,228 Net effect of dilutive stock options 1,248 1,170 2,083 -------- -------- -------- TOTAL 68,618 79,487 84,311 -------- -------- -------- Net Income $138,950 $164,798 $254,478 -------- -------- -------- Per share amount $ 2.00 $ 2.07 $ 3.02 -------- -------- -------- Fully Diluted - ------------- Average shares outstanding 67,370 78,317 82,228 Net effect of dilutive stock options 2,249 1,170 2,455 -------- -------- -------- TOTAL 69,619 79,487 84,683 -------- -------- -------- Net Income $138,950 $164,798 $254,478 -------- -------- -------- Per share amount $ 2.00 $ 2.07 $ 3.01 -------- -------- --------