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EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
SUDBURY, INC. AND SUBSIDIARIES
THREE MONTHS ENDED
-------------------------------------
FEBRUARY 29, FEBRUARY 28,
1996 1995
----------- --------------
(In thousands, except per share data)
PRIMARY
Average shares outstanding 10,577 10,407
Net effect of dilutive stock
options and other common
stock equivalents - based
on the treasury stock
method using average
market price 2,245 2,196
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TOTAL 12,822 12,603
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Net income $ 3,829 $ 3,015
======= =======
Per share amount $ .30 $ .24
======= =======
FULLY DILUTED
Average shares outstanding 10,577 10,407
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 2,245 2,226
------- -------
TOTAL 12,822 12,633
======= =======
Net income $ 3,829 $ 3,015
======= =======
Per share amount $ .30 $ .24
======= =======
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EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
SUDBURY, INC. AND SUBSIDIARIES
NINE MONTHS ENDED
-------------------------------------
FEBRUARY 29, FEBRUARY 28,
1996 1995
------------ ------------
(In thousands, except per share data)
PRIMARY
Average shares outstanding 10,490 10,353
Net effect of dilutive stock
options and other common
stock equivalents - based
on the treasury stock
method using average
market price 2,303 2,280
------- -------
TOTAL 12,793 12,633
======= =======
Net income $10,596 $ 8,659
======= =======
Per share amount $ .83 $ .69
======= =======
FULLY DILUTED
Average shares outstanding 10,490 10,353
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 2,303 2,280
------- -------
TOTAL 12,793 12,633
======= =======
Net income $10,596 $ 8,659
======= =======
Per share amount $ .83 $ .69
======= =======
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