APPLIED POWER INC. EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE (1996 10-K) (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Years ended August 31, -------------------------------------------------- 1996 1995 1994 ------- -------- ------- PRIMARY Average shares outstanding 13,478 13,280 13,057 Net effect of dilutive options based on the treasury stock method using average market price 505 466 232 ------- ------- ------- Total 13,983 13,746 13,289 ======= ======= ======= Net Earnings(Loss): Earnings from continuing operations $33,729 $25,005 $16,896 Discontinued operations - - (348) Extraordinary loss - (4,920) - Cumulative effect of accounting change - - - ------- ------- ------- Net Earnings(Loss) $33,729 $20,085 $16,548 ======= ======= ======= Primary Earnings(Loss) per share: Earnings from continuing operations $ 2.41 $ 1.82 $ 1.27 Discontinued operations - - (0.03) Extraordinary loss - (0.36) - Cumulative effect of accounting change - - - ------- ------- ------- Net Earnings(Loss) $ 2.41 $ 1.46 $ 1.25 ======= ======= ======= FULLY DILUTED Average shares outstanding 13,478 13,280 13,057 Net effect of dilutive options based on the treasury stock method using the greater of average or year-end market price 505 678 420 ------- ------- ------- Total 13,983 13,958 13,477 ======= ======= ======= Net Earnings(Loss): Earnings from continuing operations $33,729 $25,005 $16,896 Discontinued operations - - (348) Extraordinary loss - (4,920) - Cumulative effect of accounting change - - - ------- ------- ------- Net Earnings(Loss) $33,729 $20,085 $16,548 ======= ======= ======= Primary Earnings(Loss) per share: Earnings from continuing operations $ 2.41 $ 1.79 $ 1.25 Discontinued operations - - (0.03) Extraordinary loss - (0.35) - Cumulative effect of accounting change - - - ------- ------- ------- Net Earnings(Loss) $ 2.41 $ 1.44 $ 1.23 ======= ======= =======