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EXHIBIT 11
REXALL SUNDOWN, INC. AND SUBSIDIARIES
NET INCOME PER COMMON SHARE CALCULATION
FOR THE THREE AND NINE MONTHS ENDED MAY 31, 1996 AND 1995
(Adjusted to give retroactive effect to April 4, 1996 three-for-two stock split)
Three Months Ended Nine Months Ended
May 31, May 31,
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1996 1995 1996 1995
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Net income $ 6,133,930 $ 1,932,456 $ 13,764,170 $ 6,261,368
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PRIMARY
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Weighted average common shares outstanding(1) 30,222,521 29,381,256 29,978,221 29,314,280
Common stock equivalents(2) 530,753 130,305 409,636 152,700
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Primary weighted average common shares outstanding 30,753,274 29,511,561 30,387,857 29,466,980
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Primary net income per common share $ 0.20 $ 0.06 $ 0.45 $ 0.21
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FULLY DILUTED
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Weighted average common shares outstanding(1) 30,222,521 29,381,256 29,978,221 29,314,280
Common stock equivalents(2) 539,601 130,305 454,860 154,386
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Fully diluted weighted average common shares outstanding 30,762,122 29,511,561 30,433,081 29,468,666
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Fully diluted net income per common share $ 0.20 $ 0.06 $ 0.45 $ 0.21
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(1) Represents weighted average common shares outstanding for the periods
indicated.
(2) Common stock equivalents associated with stock options calculated pursuant
to the treasury stock method.