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EXHIBIT 11. Earnings per share computation.
YEAR ENDED JUNE 30,
(in thousands except per share data)
1996 1995 1994
Reported income before accounting
change (primary) $106,800 $ 87,000 $69,285
Add: Convertible debentures
interest expense, net of tax 0 0 1,211
-------- -------- -------
Net income before accounting
change (fully diluted) $106,800 $ 87,000 $70,496
======== ======== =======
Reported net income (primary) $106,800 $ 87,000 $72,285
-------- -------- -------
Add: Convertible debentures interest
expense, net of tax 0 0 1,211
-------- -------- -------
Net income after accounting change,
(fully diluted) $106,800 $ 87,000 $73,496
======== ======== =======
Weighted average shares
outstanding (primary) 95,477 94,903 92,061
Shares issuable upon
conversion of all debentures 0 0 3,859
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Weighted average shares
outstanding (fully diluted) 95,477 94,903 95,920
======== ======== =======
Net Income per share before accounting
change:
Primary $ 1.12 $ .92 $ .75
Fully diluted 1.12 .92 .74
Net Income per share:
Primary $ 1.12 $ .92 $ .78
Fully diluted 1.12 .92 .77
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