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EXHIBIT 11
REXALL SUNDOWN, INC. AND SUBSIDIARIES
NET INCOME PER COMMON SHARE CALCULATION
Three Months Ended Six Months Ended
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February 28, February 29, February 28, February 29,
1997 1996 1997 1996
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Net income $ 8,550,923 $ 4,074,088 $15,793,364 $ 7,630,240
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PRIMARY
Weighted average common shares outstanding(1) 33,232,563 29,997,435 32,223,063 29,856,071
Common stock equivalents(2) 1,138,351 387,747 1,173,448 349,388
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Primary weighted average common shares outstanding 34,370,914 30,385,182 33,396,511 30,205,459
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Primary net income per common share $ 0.25 $ 0.13 $ 0.47 $ 0.25
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FULLY DILUTED
Weighted average common shares outstanding(1) 33,232,563 29,997,435 32,223,063 29,856,071
Common stock equivalents(2) 1,075,576 453,893 1,094,582 412,774
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Fully diluted weighted average common shares outstanding 34,308,139 30,451,328 33,317,645 30,268,845
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Fully diluted net income per common share $ 0.25 $ 0.13 $ 0.47 $ 0.25
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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 taking into consideration the tax
benefit available to the Company upon the assumed exercise of qualified
options.
(3) All share data in the financial statements are stated using the primary
earnings per share calculation as the above fully diluted calculation
is anti-dilutive.