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EXHIBIT 11.
CASCADE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS EXCEPT PER SHARE DATA)
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QUARTER ENDED APRIL 30
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2000 1999
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INCOME SHARES PER SHARE INCOME SHARES PER SHARE
(NUMERATOR) (DENOMINATOR) AMOUNT (NUMERATOR) (DENOMINATOR) AMOUNT
----------- ------------- --------- ----------- ------------- ---------
<S> <C> <C> <C> <C> <C> <C>
Net income............... $5,171 $4,110
Less: preferred stock
dividend............... 80 110
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BASIC EPS
Income available to
common shareholders.... 5,091 11,440 $0.45 4,000 11,534 $0.35
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Effect of dilutive
securities
Manditorily redeemable
convertible preferred
stock.................. 80 800 80 800
Exchangeable preferred
stock.................. 30 305
------ ------ ------ ------
DILUTED EPS
Income available to
common shareholder plus
assumed
conversions............ $5,171 12,240 $0.42 $4,110 12,639 $0.33
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