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EXHIBIT 11
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EXHIBIT 11
Statement Re Computation of Per Share Earnings
OHM CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In Thousands, Except Per Share Data)
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996 1997 1996
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PRIMARY:
Average shares outstanding 27,141 26,772 27,092 26,729
Net effect of dilutive stock options and warrants--
based on the treasury stock method -- (1) 58 -- (1) 28
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Total 27,141 26,830 27,092 26,757
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Net income (loss) $ (31,609) $ 2,379 $ (30,171) $ 3,709
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Per share amount $ (1.16) $ 0.09 $ (1.11) $ 0.14
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FULLY DILUTED:
Average shares outstanding 27,141 26,772 27,092 27,729
Net effect of dilutive stock options and warrants--
based on the treasury stock method -- (1) 58 (2) -- (1) 28 (2)
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Total 27,141 26,830 27,092 27,757
========= ========= ========= =========
Net income (loss) $ (31,609) $ 2,379 $ (30,171) $ 3,709
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Per share amount $ (1.16) $ 0.09 $ (1.11) $ 0.14
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(1) Primary and fully diluted earnings per share computations for the three
and six months ended June 30, 1997 do not give effect to stock options and
warrants since their inclusion would have the effect of decreasing the net
loss per share.
(2) Fully dilutive effect of stock options and warrants on per share amounts
for the three and six months ended June 30, 1996, has not been presented
in the statement of operations since any reduction of less than 3% in the
aggregate need not be considered as dilution.