TECHNE CORPORATION CALCULATION OF PRIMARY EARNINGS PER SHARE
Year ended June 30, ------------------- 1995 1994 1993 1992 1991 ---------- ---------- ---------- ---------- ---------- Earnings before extraordinary item $6,706,042 $5,093,662 $4,382,275 $1,963,764 $1,635,020 Extraordinary item - - - - 49,000 ---------- ---------- ---------- ---------- ---------- Net earnings $6,706,042 $5,093,662 $4,382,275 $1,963,764 $1,684,020 ========== ========== ========== ========== ========== Weighted average number of common shares 9,365,533 9,315,413 9,171,571 8,525,633 7,964,573 Dilutive effect of stock options and warrants 156,423 201,787 275,117 658,950 698,285 ---------- ---------- ---------- ---------- ---------- Average common and common equivalent shares outstanding 9,521,956 9,517,200 9,446,688 9,184,583 8,662,858 ========== ========== ========== ========== ========== Per share: Earnings before extraordinary item $ 0.70 $ 0.54 $ 0.46 $ 0.21 $ 0.18 Extraordinary item - - - - 0.01 ---------- ---------- ---------- ---------- ---------- Net earnings $ 0.70 $ 0.54 $ 0.46 $ 0.21 $ 0.19 ========== ========== ========== ========== ==========
TECHNE CORPORATION CALCULATION OF FULLY-DILUTED EARNINGS PER SHARE (1)
Year ended June 30, ------------------- 1995 1994 1993 1992 1991 ---------- ---------- ---------- ---------- ---------- Earnings before extraordinary item and interest addback $6,706,042 $5,093,662 $4,382,275 $1,963,764 $1,635,020 Interest on convertible debenture, net of income tax - - 40,460 15,165 28,000 ---------- ---------- ---------- ---------- ---------- Earnings before extraordinary item 6,706,042 5,093,662 4,422,735 1,978,929 1,663,020 Extraordinary item - - - - 49,000 ---------- ---------- ---------- ---------- ---------- Net earnings $6,706,042 $5,093,662 $4,422,735 $1,978,929 $1,712,020 ========== ========== ========== ========== ========== Weighted average number of common shares 9,365,533 9,315,413 9,171,571 8,525,633 7,964,573 Dilutive effect of convertible debentures, stock options and warrants 166,637 207,786 380,241 870,898 926,319 ---------- ---------- ---------- ---------- ---------- Average common and common equivalent shares outstanding 9,532,170 9,523,199 9,551,812 9,396,531 9,890,892 ========== ========== ========== ========== ========== Per share: Earnings before extraordinary item $ 0.70 $ 0.54 $ 0.46 $ 0.21 $ 0.18 Extraordinary item - - - - 0.01 ---------- ---------- ---------- ---------- ---------- Net earnings $ 0.70 $ 0.54 $ 0.46 $ 0.21 $ 0.19 ========== ========== ========== ========== ==========
(1) Not separately reported since effect of dilution is less than 3%.