USANA, INC. & SUBSIDIARY COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARES Unaudited
Three months ended Nine months ended --------------------------------- -------------------------------- September 30, September 30, September 30, September 30, 1996 1995 1996 1995 -------------- -------------- -------------- -------------- Average number of shares outstanding during period Common shares outstanding 6,326,619 5,315,742 6,280,119 5,315,742 during entire period Weighted average common 11,522 325,425 16,514 288,491 shares issued during the period Dilutive effect of common stock equivalents under stock options ---- ---- ---- ---- (based on the Treasury stock method)* -------------- -------------- -------------- -------------- Weighted average common and com- mon equivalent shares outstanding 6,338,141 5,641,167 6,296,633 5,604,233 ============== ============== ============== ============== Net earnings $ 1,457,338 $ 526,301 $ 4,045,503 $ 1,432,541 ============== ============== ============== ============== Earnings per common and common equivalent share $ 0.23 $ 0.09 $ 0.64 $ 0.26 ============== ============== ============== ============== * Not included in this earnings per share calculation, since the total dilutive effect of all common stock equivalents calculated under the treasury stock method is less than 3% for the three and nine months ended September 30, 1996 and 1995.