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CLARCOR Inc.
EXHIBIT (11) - COMPUTATIONS OF PER SHARE EARNINGS
Nine Months Ended
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Restated
August 30, August 31,
1997 1996
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AVERAGE SHARES OUTSTANDING
1. Average number of shares outstanding 16,066,954 15,933,470
2. Net additional shares resulting from
assumed exercise of stock options* 255,564 224,892
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3. Adjusted average shares outstanding
for fully diluted computation (1 plus 2) 16,322,518 16,158,362
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Earnings per share of common stock:
Primary $ 1.13 $ 1.07
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Assuming full dilution $ 1.11 $ 1.05
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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.
See Notes to Consolidated Condensed Financial Statements
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