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EXHIBIT 11
REXALL SUNDOWN, INC.
NET INCOME PER COMMON SHARE CALCULATION
For the years ended August 31, 1996, 1995 and 1994
(Adjusted to give retroactive effect to April 4, 1996
three-for-two stock split)
Fiscal Year Ended
August 31,
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1994 1995 1996
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Net income ............................... $ 6,195,239 $ 4,361,596 $20,292,781
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Primary
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Weighted average shares outstanding(1).... 29,071,161 29,336,510 30,511,575
Common stock equivalents(2)............... 197,472 160,656 214,657
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Primary weighted average common shares
outstanding............................. 29,268,633 29,497,166 30,726,232
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Primary net income per common share....... $ .21 $ .15 $ .66
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Fully Diluted
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Weighted average shares outstanding(1).... 29,071,161 29,336,510 30,511,575
Common stock equivalents(2)............... 215,670 207,264 269,512
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Fully diluted weighted average common
shares outstanding...................... 29,286,831 29,543,774 30,781,087
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Fully diluted net income per common
share................................... $ .21 $ .15 $ .66
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Above reflects the calculation of pro forma net income per common share
retroactively adjusted for the two-for-one stock split effected on October 28,
1993.
(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 taking into consideration the tax benefit
available to the Company upon the assumed exercise of qualified options.