SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE THREE-MONTH PERIOD ENDED JUNE 30,
-----------------------------------------
1996 1995
-------- --------
Earnings per common and common
equivalent share (Primary EPS):
Income from continuing operations $ 4,893,000 $ 4,524,000
========== ==========
Net income $ 4,893,000 $ 3,620,000
========== ==========
Weighted average number of
shares issued and outstanding 18,665,000 18,879,000
Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the average market price
during the period) of
outstanding options 861,000 789,000
---------- ----------
Adjusted weighted average number
of shares outstanding 19,526,000 19,668,000
========== ==========
Earnings per common and common
equivalent share from continuing operations $ .25 $ .23
========== ==========
Earnings per common and common
equivalent share $ .25 $ .18
========== ==========
21
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE THREE-MONTH PERIOD ENDED JUNE 30,
-----------------------------------------
1996 1995
-------- --------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Income from continuing operations $ 4,893,000 $ 4,524,000
========== ==========
Net income $ 4,893,000 $ 3,620,000
========== ==========
Weighted average number of
shares issued and outstanding 18,665,000 18,879,000
Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the higher of the average market price
or ending price during the period) of
outstanding options 861,000 1,038,000
---------- ----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,526,000 19,917,000
========== ==========
Earnings per common and common
equivalent share from continuing
operations, assuming full dilution $ .25 $ .23
========== ==========
Earnings per common and common
equivalent share, assuming full dilution $ .25 $ .18
========== ==========
22
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE SIX-MONTH PERIOD ENDED JUNE 30,
---------------------------------------
1996 1995
-------- --------
Earnings per common and common
equivalent share (Primary EPS):
Income from continuing operations $10,686,000 $10,445,000
========== ==========
Net income $10,686,000 $ 8,503,000
========== ==========
Weighted average number of
shares issued and outstanding 18,587,000 18,822,000
Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the average market price
during the period) of
outstanding options 918,000 776,000
---------- ----------
Adjusted weighted average number
of shares outstanding 19,505,000 19,598,000
========== ==========
Earnings per common and common
equivalent share from continuing operations $ .55 $ .53
========== ==========
Earnings per common and common
equivalent share $ .55 $ .43
========== ==========
23
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE SIX-MONTH PERIOD ENDED JUNE 30,
---------------------------------------
1996 1995
-------- --------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Income from continuing operations $10,686,000 $10,445,000
========== ==========
Net income $10,686,000 $ 8,503,000
========== ==========
Weighted average number of
shares issued and outstanding 18,587,000 18,822,000
Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the higher of the average market price
or ending price during the period) of
outstanding options 918,000 1,087,000
---------- ----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,505,000 19,909,000
========== ==========
Earnings per common and common
equivalent share from continuing
operations, assuming full dilution $ .55 $ .52
========== ==========
Earnings per common and common
equivalent share, assuming full dilution $ .55 $ .43
========== ==========
24