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)
For the Year Ended December 31,
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1996 1995 1994
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Earnings (loss) per Common Share - Assuming No Dilution
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Net income (loss) from:
Continuing operations $13.1 $ 51.9 $64.0
Discontinued operations 11.1 (70.5) 9.0
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Net income (loss) 24.2 (18.6) 73.0
Preferred dividends, net of tax (2.9) (3.1) (3.2)
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Net earnings (loss) attributable to common shareholders $21.3 $ (21.7) $69.8
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Weighted average number of common shares
outstanding (000s) 30,314 30,024 29,662
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Earnings (loss) per share of common stock:
Continuing operations $0.34 $ 1.63 $2.05
Discontinued operations 0.36 (2.35) 0.30
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$0.70 $ (0.72) $2.35
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Earnings (loss) per Share - Assuming Full Dilution
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Net income $13.1 $ 51.9 $64.0
Adjustments for deemed ESOP cash contribution
in lieu of Series B ESOP Preferred dividend (2.2) (2.0) (2.4)
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Net earnings attributable to common shareholders $10.9 $49.9 $61.6
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Weighted average number of common shares
outstanding (000s) 30,314 30,024 29,662
Dilutive effect of stock options 59 219 264
Common shares issuable upon conversion
of Series B ESOP Preferred stock 1,984 2,085 2,136
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Weighted average number shares applicable
to fully diluted earnings per share 32,357 32,328 32,062
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Fully diluted earnings (loss) per share:
Continuing operations $0.34 $ 1.54 $1.92
Discontinued operations 0.34 (2.18) 0.28
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$0.68 $ (0.64) $2.20
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