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Exhibit 11.01
CARDINAL DISTRIBUTION, INC.
COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE
(In thousands, except per share data)
3-Months Ended 9-Months Ended
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December 31, December 31, December 31, December 31,
1993 1992 1993 1992
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Weighted Average Number of
Common Shares Outstanding-Primary 22,876 19,005 21,611 18,956
Net Effect of Dilutive Stock Options 346 226 328 254
Effect of Assumed Conversion of 7-1/4%
Convertible Subordinated Debentures 3,426 1,142 3,426
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Weighted Average Number of Common
Shares Outstanding-Fully Diluted 23,222 22,657 23,081 22,636
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Net Earnings $10,924 $7,972 $27,925 $23,041
Add 7-1/4% Convertible Subordinated
Debenture Interest, Net of Income
Tax Effect 816 816 2,448
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Fully Diluted Net Earnings Before Cumulative
Effect of Change in Accounting Principle 10,924 8,788 28,741 25,489
Cumulative Effect of Change in
Accounting Principle (10,000)
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Fully Diluted Net Earnings $10,924 $ 8,788 $ 28,741 $15,489
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Per Share Amounts:
Net Earnings Before Cumulative Effect
of Change in Accounting Principle $.47 $.39 $1.25 $1.13
Cumulative Effect of Change in
Accounting Principle (.45)
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Net Earnings $ .47 $ .39 $1.25 $ .68
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