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EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
QUARTER ENDED THREE QUARTERS ENDED
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March 31, March 26, March 31, March 26,
1994 1993 1994 1993
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(In millions except per share amounts)
Primary:
Average shares outstanding 39.8 39.5 39.8 39.4
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Income before cumulative effect of
change in accounting principle $ 33.0 $ 27.5 $ 87.7 $ 73.6
Cumulative effect of change in
accounting principle - - (10.1) -
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Net income $ 33.0 $ 27.5 $ 77.6 $ 73.6
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Per share amounts:
Income before cumulative effect of
change in accounting principle $.83 $.70 $2.20 $1.87
Cumulative effect of change in
accounting principle - - (.25) -
---- ---- ----- -----
Total $.83 $.70 $1.95 $1.87
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Fully diluted:
Total primary average shares
outstanding 39.8 39.5 39.8 39.4
Dilutive stock options and employee
stock purchase plan shares - based
on treasury stock method using the
greater of quarter-end market price
or average market price .2 .2 .2 .2
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Average fully diluted shares
outstanding 40.0 39.7 40.0 39.6
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Per share amounts:
Income before cumulative effect of
change in accounting principle $.83 $.69 $2.19 $1.86
Cumulative effect of change in
accounting principle - - (.25) -
---- ---- ----- -----
Total $.83 $.69 $1.94 $1.86
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