Steris Corp – ‘10-K405’ for 3/31/96 – EX-11.1

As of:  Tuesday, 6/25/96   ·   For:  3/31/96   ·   Accession #:  950152-96-3111   ·   File #:  0-20165

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Steris Corporation 10-K405                            33    174K 
 2: EX-4.3      Instrument Defining the Rights of Security Holders    12     50K 
 4: EX-10.14    Material Contract                                     74    274K 
 3: EX-10.8     Material Contract                                      5     17K 
 5: EX-11.1     Statement re: Computation of Earnings Per Share        1      8K 
 6: EX-21.1     Subsidiaries of the Registrant                         1      6K 
 7: EX-23.1     Consent of Experts or Counsel                          1      8K 
 8: EX-24       Power of Attorney                                      6     17K 
 9: EX-27       Financial Data Schedule (Pre-XBRL)                     1      9K 

EX-11.1   —   Statement re: Computation of Earnings Per Share

EX-11.1
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                                                                    EXHIBIT 11.1

STERIS CORPORATION AND SUBSIDIARIES 

NET INCOME PER COMMON SHARE     
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

                                                        [Enlarge/Download Table]

                                                                  YEARS ENDED MARCH 31      
                                                             -------------------------------
                                                              1996        1995        1994  
                                                             -------     -------     -------
                                                                                            
PRIMARY INCOME PER SHARE:                                                                   
  Net income before cumulative effect of accounting change                                  
     to Common Shareholders................................. $12,794     $ 8,736     $ 5,146
                                                             =======     =======     =======

  Weighted average Common Shares outstanding................  17,804      17,442      17,184
  Common Share equivalents of stock options.................   1,700       1,566       1,510
                                                             -------     -------     -------
  Weighted average Common Shares and Common Share                                           
     equivalents outstanding during the period..............  19,504      19,008      18,694
                                                             =======     =======     =======
  Net income per share before cumulative effect of                                          
     accounting change...................................... $  0.66     $  0.46     $  0.28
  Cumulative effect of accounting change....................    0.00        0.00        0.06
                                                             -------     -------     -------
  Net income per share...................................... $  0.66     $  0.46     $  0.34
                                                             =======     =======     =======
FULLY DILUTED INCOME PER SHARE:                                                             
  Net income per share before cumulative effect of                                          
     accounting change to Common Shareholders............... $12,794     $ 8,736     $ 5,146
                                                             =======     =======     =======

  Weighted average Common Shares outstanding................  17,804      17,442      17,184
  Common Share equivalents of stock options.................   1,764       1,794       1,546
                                                             -------     -------     -------
  Weighted average Common Shares and Common Share                                           
     equivalents outstanding during the period..............  19,568      19,236      18,730
                                                             =======     =======     =======
  Fully diluted net income per share before cumulative                                      
     effect of accounting change............................ $  0.65     $  0.46     $  0.28
  Cumulative effect of accounting change....................    0.00        0.00        0.06
                                                             -------     -------     -------
  Fully diluted net income per share........................ $  0.65     $  0.46     $  0.34
                                                             =======     =======     =======

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