1 EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE ---------- Quarter Ended Two Quarters Ended ---------------------------- ------------------------- December 31, December 31, December 31, December 31, 1996 1995 1996 1995 ----------- ----------- ----------- ----------- (In millions except per share amounts) Primary: Average shares outstanding 39.0 39.2 39.0 39.1 ===== ===== ===== ===== Net income $ 45.5 $ 40.4 $ 83.6 $ 73.9 ====== ====== ====== ====== Net income per share - primary $ 1.17 $ 1.03 $ 2.15 $ 1.89 ====== ====== ====== ====== Fully diluted: Total primary average shares outstanding 39.0 39.2 39.0 39.1 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 39.1 39.3 39.1 39.2 ===== ===== ===== ===== Net income per share - fully diluted $1.16 $1.03 $2.14 $1.89 ===== ===== ===== =====