SEI INVESTMENTS COMPANY AND SUBSIDIARIES
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EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE THREE-MONTH PERIOD ENDED JUNE 30,
-----------------------------------------
1997 1996
----------- -----------
Earnings per common and common
equivalent share (Primary EPS):
Net income $ 5,141,000 $ 4,893,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,494,000 18,665,000
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 673,000 861,000
----------- -----------
Adjusted weighted average number
of shares outstanding 19,167,000 19,526,000
=========== ===========
Earnings per common and common
equivalent share $ .27 $ .25
=========== ===========
23
SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE THREE-MONTH PERIOD ENDED JUNE 30,
-----------------------------------------
1997 1996
----------- -----------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Net income $ 5,141,000 $ 4,893,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,494,000 18,665,000
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 850,000 861,000
----------- -----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,344,000 19,526,000
=========== ===========
Earnings per common and common
equivalent share, assuming full dilution $ .27 $ .25
=========== ===========
24
SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE SIX-MONTH PERIOD ENDED JUNE 30,
---------------------------------------
1997 1996
----------- -----------
Earnings per common and common
equivalent share (Primary EPS):
Net income $ 9,942,000 $10,686,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,513,000 18,587,000
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 703,000 918,000
----------- -----------
Adjusted weighted average number
of shares outstanding 19,216,000 19,505,000
=========== ===========
Earnings per common and common
equivalent share $ .52 $ .55
=========== ===========
25
SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------
EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------
FOR THE SIX-MONTH PERIOD ENDED JUNE 30,
---------------------------------------
1997 1996
----------- -----------
Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):
Net income $ 9,942,000 $10,686,000
=========== ===========
Weighted average number of
shares issued and outstanding 18,513,000 18,587,000
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 880,000 918,000
----------- -----------
Adjusted weighted average number
of shares outstanding, assuming full dilution 19,393,000 19,505,000
=========== ===========
Earnings per common and common
equivalent share, assuming full dilution $ .51 $ .55
=========== ===========
26