APPLIED POWER INC. EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE (1996 10-K)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Years ended August 31,
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1996 1995 1994
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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
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Total 13,983 13,746 13,289
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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 - - -
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Net Earnings(Loss) $33,729 $20,085 $16,548
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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 - - -
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Net Earnings(Loss) $ 2.41 $ 1.46 $ 1.25
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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
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Total 13,983 13,958 13,477
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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 - - -
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Net Earnings(Loss) $33,729 $20,085 $16,548
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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 - - -
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Net Earnings(Loss) $ 2.41 $ 1.44 $ 1.23
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