SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11-EARNINGS PER SHARE CALCULATION
-----------------------------------------
FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30,
----------------------------------------------
1996 1995
----------- -----------
Earnings per common and common
equivalent share (Primary EPS):
Net income $ 5,906,000 $ 4,943,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,396,000 18,377,000
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 717,000 967,000
----------- -----------
Adjusted weighted average number
of shares outstanding 19,113,000 19,344,000
=========== ===========
Earnings per common and common
equivalent share $ .31 $ .26
=========== ===========
21
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11-EARNINGS PER SHARE CALCULATION
-----------------------------------------
FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30,
----------------------------------------------
1996 1995
----------- -----------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Net income $ 5,906,000 $ 4,943,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,396,000 18,377,000
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 858,000 970,000
----------- -----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,254,000 19,347,000
=========== ===========
Earnings per common and common
equivalent share, assuming full dilution $ .31 $ .26
=========== ===========
22
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11-EARNINGS PER SHARE CALCULATION
-----------------------------------------
FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
---------------------------------------------
1996 1995
----------- -----------
Earnings per common and common
equivalent share (Primary EPS):
Income from continuing operations $16,592,000 $15,388,000
=========== ===========
Net income $16,592,000 $13,446,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,523,000 18,674,000
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 852,000 855,000
----------- -----------
Adjusted weighted average number
of shares outstanding 19,375,000 19,529,000
=========== ===========
Earnings per common and common
equivalent share from continuing operations $ .86 $ .79
=========== ===========
Earnings per common and common
equivalent share $ .86 $ .69
=========== ===========
23
SEI CORPORATION AND SUBSIDIARIES
--------------------------------
EXHIBIT 11-EARNINGS PER SHARE CALCULATION
-----------------------------------------
FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
---------------------------------------------
1996 1995
----------- -----------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Income from continuing operations $16,592,000 $15,388,000
=========== ===========
Net income $16,592,000 $13,446,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,523,000 18,674,000
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 942,000 901,000
----------- -----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,465,000 19,575,000
=========== ===========
Earnings per common and common
equivalent share from continuing
operations, assuming full dilution $ .85 $ .79
=========== ===========
Earnings per common and common
equivalent share, assuming full dilution $ .85 $ .69
=========== ===========
24