1 EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE ---------- Quarter Ended Two Quarters Ended -------------------------- -------------------------- December 31, December 31, December 31, December 31, 1995 1994 1995 1994 ---------- ---------- ---------- ---------- (In millions except per share amounts) Primary: Average shares outstanding 39.2 39.3 39.1 39.4 ===== ===== ===== ===== Net income $ 40.4 $ 34.8 $ 73.9 $ 63.6 ====== ====== ====== ====== Net income per share - primary $ 1.03 $ .88 $ 1.89 $ 1.61 ====== ====== ====== ====== Fully diluted: Total primary average shares outstanding 39.2 39.3 39.1 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 .1 .1 .1 .1 ----- ----- ----- ----- Average fully diluted shares outstanding 39.3 39.4 39.2 39.5 ===== ===== ===== ===== Net income per share - fully diluted $1.03 $.88 $1.89 $1.61 ===== ==== ===== =====