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EXHIBIT (11)
LIQUI-BOX CORPORATION
STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
Thirteen Weeks Ended Thirty-nine Weeks Ended
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September 27, September 28, September 27, September 28,
1997 1996 1997 1996
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Primary:
Weighted average number of common
shares outstanding 5,664,173 5,913,503 5,743,251 5,995,549
Net effect of dilutive stock options--
based on treasury stock method
using average market price. 219,607 144,528 199,411 163,437
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Weighted average common and
common equivalent shares 5,883,780 6,058,031 5,942,662 6,158,986
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Net Income $5,108,000 $4,738,000 $13,059,000 $12,408,000
Earnings per common and
common equivalent share $ 0.87 $ 0.78 $ 2.20 $ 2.01
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Fully Diluted:
Weighted average number of common
shares outstanding 5,664,173 5,913,503 5,743,251 5,995,549
Net effect of dilutive stock options--
based on treasury stock method
using the quarter-end market price
if higher than average market price. 247,702 159,471 211,803 168,418
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Fully Diluted Shares 5,911,875 6,072,974 5,955,054 6,163,967
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Net Income $5,108,000 $4,738,000 $13,059,000 $12,408,000
Earnings per common and
common equivalent share $ 0.86 $ 0.78 $ 2.19 $ 2.01
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