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CLARCOR Inc.
EXHIBIT (11) - COMPUTATIONS OF PER SHARE EARNINGS
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Three Months Ended
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Restated
March 1, March 2,
1997 1996
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AVERAGE SHARES OUTSTANDING
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1. Average number of shares outstanding 15,973,537 15,912,669
2. Net additional shares resulting from
assumed exercise of stock options* 431,656 439,461
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3. Adjusted average shares outstanding
for fully diluted computation (1 plus 2) 16,405,193 16,352,130
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Earnings per share of common stock:
Primary $0.19 $0.24
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Assuming full dilution $0.18 $0.23
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* Assumes proceeds from exercise of stock options used to purchase treasury
shares at the greater of the quarter-end or the average market price
during the period.
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