SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Annual Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (date of earliest event reported):
December 31, 1994
WESTCOTT COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Texas 0-18194 75-2110878
(State or other (Commission File No.) (IRS Employer
jurisdiction Identification No.)
of incorporation)
1303 Marsh Lane
Carrollton, Texas 75006
(Address of principal executive offices) (zip code)
(214) 417-4100
(Registrant's telephone number, including area code)
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Item 14(a). Exhibits, Financial Statement Schedules,
and Reports on Form 8-K
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: April 11, 1995
WESTCOTT COMMUNICATIONS, INC.
By: /s/ Phyllis Farragut
Phyllis Farragut,
Executive Vice President
and Chief Financial Officer
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INDEX TO EXHIBITS
Sequentially
Numbered
Page
Item 14 (a). Exhibits, Financial Statement
Schedules,and Reports on Form 8-K 4
11. Computation of Earnings Per Share
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WESTCOTT COMMUNICATIONS, INC.
<CAPTION>
COMPUTATION OF EARNINGS PER SHARE
Years ended December 31, 1992, 1993 and 1994
1992 1993 1994
<S> <C> <C> <C>
EARNINGS PER SHARE:
Net income available to
common shareholders . . . . . . $4,281,013 $8,836,598 $11,837,011
__________ __________ ___________
__________ __________ ___________
Weighted average Common
and Common equivalent
shares outstanding<F1>. . . . . 17,158,828 18,901,897 19,379,439
__________ __________ __________
__________ __________ __________
Earnings per share . . . . . . . .25 .47 .61
__________ __________ __________
__________ __________ __________
EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARE:
Weighted average
shares outstanding. . . . . . . 16,782,212 18,344,003 19,379,439
Net shares to be issued upon
exercise of dilutive stock
options after applying
treasury stock method . . . . 376,616 557,894 399,917
__________ __________ __________
Weighted average Common
and Common equivalent shares . 17,158,828 18,901,897 19,779,356
__________ __________ __________
__________ __________ __________
Earnings per common and
Common equivalent shares. . . . .25 .47 .60
__________ __________ __________
__________ __________ __________
EARNGINS PER COMMON SHARE
ASSUMING FULL DILUTION:
Weighted average
shares outstanding. . . . . . . 16,782,212 18,344,003 19,379,439
Net shares to be issued upon
exercise of dilutive stock
options after applying
treasury stock method . . . . 505,588 593,430 410,757
__________ __________ __________
Weighted average Common
and Common equivalent shares . 17,287,800 18,937,433 19,790,196
__________ __________ __________
__________ __________ __________
Earnings per Common
and Common equivalent shares. . .25 .47 .60
__________ __________ __________
__________ __________ __________
<F1> For 1994, the calculation of earnings per share was based
upon weighted average common shares outstanding due to the fact
that both primary and full-diluted earnings per share were more
than 97% of earnings per common share outstanding. For all other
periods presented, the calculation was based upon weighted
average common and common equivalent shares outstanding.
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