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EXHIBIT (11)
LIQUI-BOX CORPORATION
STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
Thirteen Weeks Ended Twenty-six Weeks Ended
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June 28, June 29, June 28, June 29,
1997 1996 1997 1996
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Primary:
Weighted average number of common
shares outstanding 5,746,323 5,957,278 5,782,479 6,036,572
Net effect of dilutive stock options--
based on treasury stock method
using average market price 195,548 164,410 189,772 172,891
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Weighted average common and
common equivalent shares 5,941,871 6,121,688 5,972,251 6,209,463
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Net Income $4,760,000 $4,529,000 $7,951,000 $7,670,000
Earnings per common and
common equivalent share $ 0.80 $ 0.74 $ 1.33 $ 1.24
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Fully Diluted:
Weighted average number of common
shares outstanding 5,746,323 5,957,278 5,782,479 6,036,572
Net effect of dilutive stock options--
based on treasury stock method
using the quarter-end market price
if higher than average market price 200,326 164,410 193,809 172,891
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Fully Diluted Shares 5,946,649 6,121,688 5,976,288 6,209,463
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Net Income $4,760,000 $4,529,000 $7,951,000 $7,670,000
Earnings per common and
common equivalent share $ 0.80 $ 0.74 $ 1.33 $ 1.24
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