Exhibit 11.1
Ball Corporation and Subsidiaries
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Millions of dollars except per share amounts)
Three months ended Six months ended
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June 30, July 2, June 30, July 2,
1996 1995 1996 1995
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Earnings per Common Share - Assuming No Dilution
Net income $ 11.8 $ 21.9 $ 17.3 $ 38.2
Preferred dividends, net of tax benefit (0.7) (0.8) (1.5) (1.6)
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Net earnings attributable to common shareholders $ 11.1 $ 21.1 $ 15.8 $ 36.6
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Weighted average number of common shares
outstanding (000s) 30,222 29,970 30,145 29,966
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Net earnings per share of common stock $ 0.37 $ 0.70 $ 0.52 $ 1.22
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Earnings per Share - Assuming Full Dilution
Net income $ 11.8 $ 21.9 $ 17.3 $ 38.2
Adjustments for deemed ESOP cash contribution in
lieu of Series B ESOP Preferred dividend (0.5) (0.6) (1.1) (1.2)
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Net earnings attributable to common shareholders $ 11.3 $ 21.3 $ 16.2 $ 37.0
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Weighted average number of common shares
outstanding (000s) 30,222 29,970 30,145 29,966
Dilutive effect of stock options 77 286 100 301
Common shares issuable upon conversion of Series B
ESOP Preferred stock 1,970 2,089 2,015 2,098
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Weighted average number shares applicable to fully
diluted earnings per share 32,269 32,345 32,260 32,365
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Fully diluted earnings per share $ 0.35 $ 0.66 $ 0.50 $ 1.14
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