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)
March 31, April 2,
1996 1995
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Earnings per Common Share - Assuming No Dilution
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Net income $ 5.5 $ 16.3
Preferred dividends, net of tax (0.8) (0.8)
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Net earnings attributable to common shareholders $ 4.7 $ 15.5
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Weighted average number of common shares outstanding (000s) 30,067 29,962
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Net earnings per share of common stock $ 0.16 $ 0.52
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Earnings per Share - Assuming Full Dilution
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Net income $ 5.5 $ 16.3
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 $ 4.9 $ 15.7
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Weighted average number of common shares outstanding (000s) 30,067 29,962
Dilutive effect of stock options 128 302
Common shares issuable upon conversion of Series B ESOP Preferred stock
2,059 2,107
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Weighted average number shares applicable to fully diluted earnings per
share 32,254 32,371
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Fully diluted earnings per share $ 0.15 $ 0.49
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