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EXHIBIT 11
REXALL SUNDOWN, INC. AND SUBSIDIARIES
NET INCOME PER COMMON SHARE CALCULATION
Three Months Ended Nine Months Ended
May 31, May 31,
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1997 1996 1997 1996
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Net income $ 9,279,968 $ 6,133,930 $25,073,339 $13,764,170
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PRIMARY
Weighted average common shares outstanding(1) 33,376,676 30,222,521 32,607,601 29,978,221
Common stock equivalents(2) 959,777 530,753 1,102,224 409,636
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Primary weighted average common shares outstanding 34,336,453 30,753,274 33,709,825 30,387,857
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Primary net income per common share $ 0.27 $ 0.20 $ 0.74 $ 0.45
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FULLY DILUTED
Weighted average common shares outstanding(1) 33,376,676 30,222,521 32,607,601 29,978,221
Common stock equivalents(2) 1,062,314 539,601 1,083,825 454,860
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Fully diluted weighted average common shares outstanding 34,438,990 30,762,122 33,691,426 30,433,081
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Fully diluted net income per common share $ 0.27 $ 0.20 $ 0.74 $ 0.45
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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.