1
EXHIBIT 11 (1)
Layne Christensen Company
Statement Regarding Computation of per Share Earnings
YEAR ENDED JANUARY 31,
-----------------------------------------------
1998 1997 1996
-------- -------- --------
COMPUTATION OF PER SHARE EARNINGS (IN
THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Net income $ 11,427 $ 8,017 $ 4,587
========== ========== ==========
Weighted average common shares
outstanding 10,128,000 8,865,000 7,451,000
Dilutive stock options 400,000 281,000 66,000
---------- ---------- ----------
10,528,000 9,146,000 7,517,000
========== ========== ==========
Per share:
Basic earnings per share $ 1.13 $ .90 $ .62
========== ========== ==========
Dilutive earnings per share $ 1.09 $ .88 $ .61
========== ========== ==========
2
[This Page Intentionally Left Blank]
63