1
Exhibit (11)
COMPUTATION OF PER SHARE EARNINGS
LIQUI-BOX CORPORATION
Fifty-two Fifty-two Fifty-two
Weeks Ended Weeks Ended Weeks Ended
December 27, 1992 December 29, 1991 December 30, 1990
-----------------------------------------------------------------
Primary:
Weighted average number of
common shares outstanding 5,959,962 6,223,395 6,327,969
Net effect of dilutive stock options--
based on treasury stock method
using average market price 167,612 173,917 146,659
----------- ----------- -----------
Weighted average common and
common equivalent shares 6,127,574 6,397,312 6,474,628
=========== =========== ===========
Net Income $14,519,000 $12,085,000 $13,327,000
Earnings per common and
common equivalent share $ 2.37 $ 1.89 $ 2.06
=========== =========== ===========
Fully Diluted:
Weighted average number of
common shares outstanding 5,959,962 6,223,395 6,327,969
Net effect of dilutive stock options--
based on treasury stock method
using the year-end market price,
if higher than average market price 175,776 173,917 146,659
----------- ----------- -----------
Fully diluted shares 6,135,738 6,397,312 6,474,628
=========== =========== ===========
Net Income $14,519,000 $12,085,000 $13,327,000
Earnings per common and
common equivalent share $ 2.37 $ 1.89 $ 2.06
=========== =========== ===========