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EXHIBIT 11 -- COMPUTATION OF NET INCOME PER SHARE
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Quarter Ended Two Quarters Ended
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December 31, December 31, December 31, December 31,
1994 1993 1994 1993
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(In millions except per share amounts)
Primary:
Average shares outstanding 39.3 39.9 39.4 39.8
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Income before cumulative effect of change in accounting
principle $ 34.8 $ 30.0 $ 63.6 $ 54.7
Cumulative effect of change in accounting principle -- -- -- (10.1)
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Net income $ 34.8 $ 30.0 $ 63.6 $ 44.6
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Per share amounts:
Income before cumulative effect of change in accounting
principle $.88 $.75 $1.61 $1.37
Cumulative effect of change in Accounting principle -- -- -- (.25)
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Total $.88 $.75 $1.61 $1.12
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Fully diluted:
Total primary average shares outstanding 39.3 39.9 39.4 39.8
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 .1 .2 .1 .2
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Average fully diluted shares outstanding 39.4 40.1 39.5 40.0
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Per shares amounts:
Income before cumulative effect of change in accounting
principle $.88 $.75 $1.61 $1.36
Cumulative effect of change in accounting principle -- -- -- (.25)
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Total $.88 $.75 $1.61 $1.11
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