1
EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
SUDBURY, INC. AND SUBSIDIARIES
THREE MONTHS ENDED
------------------------------------
August 31, August 31,
1994 1993
--------- -----------
(Amounts in thousands, except per share data)
PRIMARY
Average shares outstanding 10,276 10,000
Net effect of dilutive stock
options and other common
stock equivalents - based
on the treasury stock
method using average
market price 2,287 2,073
------- ------
TOTAL 12,563 12,073
======= ======
Net income $ 2,219 $ 1,082
======= =======
Per share amount $ .18 $ .09
======= =======
FULLY DILUTED
Average shares outstanding 10,276 10,000
Net effect of dilutive stock
options and other common
stock equivalents - based
on the treasury stock
method using the quarter end
market price if higher than
average market price 2,287 2,073
------- -------
TOTAL 12,563 12,073
======= =======
Net income $ 2,219 $ 1,082
======= =======
Per share amount $ .18 $ .09
======= =======
-13-