EXHIBIT 11 APPLIED POWER INC. COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Three Months Ended Six Months Ended -------------------------- -------------------------- FEBRUARY 29, February 28, FEBRUARY 29, February 28, 1996 1995 1996 1995 ------------ ------------ ------------ ------------ PRIMARY: - - -------- Average shares outstanding 13,420 13,255 13,415 13,223 Net effect of dilutive options based on the treasury stock method using average market price 502 407 544 419 ------ --------- -------- ------- Total 13,922 13,662 13,959 13,642 ====== ========= ======== ======= Net earnings(loss): Earnings before extraordinary item $7,650 $ 4,638 $15,360 $10,079 Extraordinary loss on debt extinguishment - (4,920) - (4,920) ------ --------- -------- ------- Net Earnings(Loss) $7,650 $ (282) $15,360 $ 5,159 Primary earnings(loss) per share: Earnings before extraordinary item $ 0.55 $ 0.34 $ 1.10 $ 0.74 Extraordinary loss on debt extinguishment - (0.36) - (0.36) ------ --------- -------- ------- Net Earnings(Loss) $ 0.55 $ (0.02) $ 1.10 $ 0.38 ====== ========= ======== ======= FULLY DILUTED: - - -------------- Average shares outstanding 13,420 13,255 13,415 13,223 Net effect of dilutive options based on the treasury stock method using the greater of average or period-end market price 527 407 544 420 ------ --------- -------- ------- Total 13,947 13,662 13,959 13,643 ====== ========= ======== ======= Net earnings(loss): Earnings before extraordinary item $7,650 $ 4,638 $15,360 $10,079 Extraordinary loss on debt extinguishment - (4,920) - (4,920) ------ --------- -------- ------- Net Earnings(Loss) $7,650 $ (282) $15,360 $ 5,159 ====== ========= ======== ======= Fully diluted earnings(loss) per share: Earnings before extraordinary item $ 0.55 $ 0.34 $ 1.10 $ 0.74 Extraordinary loss on debt extinguishment - (0.36) - (0.36) ------ --------- -------- ------- Net Earnings(Loss) $ 0.55 $ (0.02) $ 1.10 $ 0.38 ====== ========= ======== =======
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