Exhibit 11.1
Ball Corporation and Subsidiaries
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Millions of dollars except per share amounts)
March 30, March 31,
1997 1996
------------------ ------------------
Earnings (loss) per Common Share - Assuming No Dilution
Net income (loss) from:
Continuing operations $ 7.0 $ 6.8
Discontinued operations -- (1.3)
------------------ ------------------
Net income 7.0 5.5
Preferred dividends, net of tax (0.7) (0.8)
------------------ ------------------
Net earnings available to common shareholders $ 6.3 $ 4.7
================== ==================
Weighted average number of common shares outstanding (000s)
30,447 30,067
================== ==================
Earnings (loss) per share of common stock:
Continuing operations $ 0.21 $ 0.20
Discontinued operations -- (0.04)
------------------ ------------------
$ 0.21 $ 0.16
================== ==================
Earnings (loss) per Share - Assuming Full Dilution
Net income (loss) from:
Continuing operations $ 7.0 $ 6.8
Discontinued operations -- (1.3)
------------------ ------------------
Net income 7.0 5.5
Adjustments for deemed ESOP cash contribution in lieu of Series B ESOP
Preferred dividend (0.5) (0.6)
------------------ ------------------
Net earnings attributable to common shareholders $ 6.5 $ 4.9
================== ==================
Weighted average number of common shares outstanding (000s) 30,447 30,067
Dilutive effect of stock options 33 128
Common shares issuable upon conversion of Series B ESOP Preferred stock
1,938 2,059
------------------ ------------------
Weighted average number shares applicable to fully diluted earnings per
share 32,418 32,254
================== ==================
Fully diluted earnings (loss) per share:
Continuing operations $ 0.20 $ 0.19
Discontinued operations -- (0.04)
------------------ ------------------
$ 0.20 $ 0.15
================== ==================