MATTHEWS INTERNATIONAL CORPORATION AND SUBSIDIARIES EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE FOR THE NINE MONTHS ENDED JUNE 30, 1997 AND 1996 ---------- 1997 1996 ---- ---- 1. Net income $14,802,009 $16,102,105 2. Weighted average number of common shares outstanding during the period 8,650,248 8,908,370 3. Shares issuable upon exercise of dilutive stock options outstanding during period, based on higher of average or period-end values 257,043 205,618 4. Weighted average number of common shares outstanding during the period, assuming full dilution (2 + 3) 8,907,291 9,113,988 5. Primary earnings per share (1 divided by 2) $ 1.71 $ 1.81 6. Fully diluted earnings per share (1 divided by 4) $ 1.66 $ 1.77