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
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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.