Exhibit 11.1
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Ball Corporation and Subsidiaries
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Millions of dollars except per share amounts)
April 2, April 3,
1995 1994
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Earnings per Common Share - Assuming No Dilution
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Net income $ 19.6 $ 10.5
Preferred dividends, net of tax (0.8) (0.8)
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Net earnings attributable to common shareholders $ 18.8 $ 9.7
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Weighted average number of common shares outstanding (000s) 29,962 29,493
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Net earnings per share of common stock $ 0.63 $ 0.33
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Earnings per Share - Assuming Full Dilution
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Net income $ 19.6 $ 10.5
Adjustments for deemed ESOP cash contribution in lieu of
Series B ESOP Preferred dividend (0.6) (0.6)
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Net earnings attributable to common shareholders $ 19.0 $ 9.9
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Weighted average number of common shares outstanding (000s) 29,962 29,493
Dilutive effect of stock options 302 83
Common shares issuable upon conversion of Series B ESOP
Preferred stock 2,107 2,154
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Weighted average number shares applicable to fully diluted
earnings per share 32,371 31,730
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Fully diluted earnings per share $ 0.59 $ 0.31
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