2011 10K EX.13



	2011			2010			2009			2008			2007			2006			2005			2004			2003			2002			2001
PER COMMON SHARE
Equity attributable to CLARCOR	$	16.65		$	15.03		$	13.63		$	12.83		$	11.29		$	10.52		$	9.36		$	8.36		$	7.32		$	6.33		$	5.57
Diluted Net Earnings attributable to CLARCOR	2.42			1.88			1.40			1.86			1.78			1.59			1.46			1.24			1.08			0.93			0.84
Dividends	0.4350			0.3975			0.3675			0.3300			0.2975			0.2750			0.2588			0.2513			0.2463			0.2413			0.2363
Price - High	49.60			42.20			34.64			44.25			44.01			36.72			31.98			26.30			22.97			17.00			13.80
Price - Low	39.13			30.41			23.05			25.03			29.57			26.87			24.60			20.08			15.53			12.52			8.44
EARNINGS DATA
Net Sales	$	1,126,601		$	1,011,429		$	907,748		$	1,059,601		$	921,191		$	904,347		$	873,974		$	787,686		$	741,358		$	715,563		$	666,964
Operating Profit	181,267			144,649			105,733			151,923			129,814			126,328			118,492			98,177			87,062			77,775			75,810
Interest Expense	469			546			2,120			6,532			1,010			814			636			446			1,767			6,073			10,270
Pretax Income	181,308			143,423			105,649			145,371			130,509			126,941			117,922			99,060			86,059			71,450			65,734
Income Taxes	56,947			47,072			33,819			49,310			39,675			43,795			40,968			34,717			31,371			24,773			23,804
Net Earnings	124,361			96,351			71,830			96,061			90,834			83,146			76,954			64,343			54,688			46,677			41,930
Diluted Average Shares Outstanding	51,191			51,156			51,120			51,466			50,885			52,177			52,216			51,507			50,746			50,344			49,784
EARNINGS ANALYSIS
Operating Margin	16.1		%	14.3		%	11.6		%	14.3		%	14.1		%	14.0		%	13.6		%	12.5		%	11.7		%	10.9		%	11.4		%
Pretax Margin	16.1		%	14.2		%	11.6		%	13.7		%	14.2		%	14.0		%	13.5		%	12.6		%	11.6		%	10.0		%	9.9		%
Effective Tax Rate	31.4		%	32.8		%	32.0		%	33.9		%	30.4		%	34.5		%	34.7		%	35.0		%	36.5		%	34.7		%	36.2		%
Net Margin	11.0		%	9.5		%	7.9		%	9.1		%	9.9		%	9.2		%	8.8		%	8.2		%	7.4		%	6.5		%	6.3		%
Return on Beginning Assets	11.9		%	9.9		%	7.5		%	13.0		%	12.5		%	12.3		%	12.3		%	12.0		%	10.0		%	8.8		%	8.4		%
Return on Beginning Shareholders' Equity	16.4		%	14.0		%	11.0		%	17.2		%	16.8		%	17.2		%	17.9		%	17.3		%	17.3		%	17.0		%	17.3		%
Dividend Payout to Net Earnings	17.7		%	21.0		%	26.1		%	17.6		%	16.6		%	17.2		%	17.5		%	20.1		%	22.7		%	25.7		%	27.6		%
BALANCE SHEET
Cash and Short-Term Investments (A)	$	157,104		$	117,730		$	91,448		$	47,984		$	40,943		$	61,246		$	28,902		$	22,520		$	8,348		$	13,747		$	7,418
Current Assets	600,899			526,273			448,528			432,571			371,920			380,340			324,933			303,990			257,402			259,746			244,350
Plant Assets, Net	184,992			181,175			188,091			192,599			169,212			146,529			149,505			142,242			129,572			132,892			137,316
Total Assets	1,134,933			1,042,411			973,890			957,882			739,135			727,516			675,272			627,797			538,237			546,119			530,617
Current Liabilities	160,050			163,457			131,942			143,503			114,171			118,428			121,470			126,272			111,373			174,255			94,931
Long-Term Debt	15,981			17,331			52,096			83,822			17,329			15,946			16,009			24,130			16,913			22,648			135,203
Redeemable Noncontrolling Interests	1,557			1,568			1,412			1,179			2,386			(47		)	602			513			531			382			308
Shareholders' Equity	835,558			757,527			688,475			654,752			557,921			539,212			484,214			429,594			371,539			315,615			274,387
BALANCE SHEET ANALYSIS
Debt to Capitalization (B)	2.0		%	2.3		%	7.0		%	11.4		%	3.0		%	2.9		%	3.2		%	5.4		%	4.5		%	22.4		%	33.9		%
Working Capital	$	440,849		$	362,816		$	316,586		$	289,068		$	257,749		$	261,912		$	203,463		$	177,718		$	146,029		$	85,491		$	149,419
Current Ratio	3.8			3.2			3.4			3.0			3.3			3.2			2.7			2.4			2.3			1.5			2.6
CASH FLOW DATA
From Operations	$	119,449		$	143,402		$	113,693		$	107,136		$	137,324		$	63,581		$	89,346		$	71,806		$	85,396		$	85,019		$	63,290
For Investment	(39,064		)	(21,836		)	(29,899		)	(108,900		)	(47,867		)	(21,342		)	(51,512		)	(62,209		)	(12,986		)	(18,978		)	(51,353		)
From/(For) Financing	(39,903		)	(62,526		)	(69,999		)	16,155			(85,522		)	(33,641		)	(35,699		)	1,063			(80,669		)	(59,774		)	(15,326		)
Change in Cash & Equivalents	38,977			57,745			18,562			4,656			7,008			10,549			1,082			11,572			(7,899		)	6,329			(3,446		)
Capital Expenditures	22,486			23,371			21,740			34,908			37,024			17,588			24,032			22,352			13,042			12,204			18,204
Depreciation & Amortization	32,435			30,921			30,962			30,388			23,389			23,079			21,087			19,151			18,985			19,760			21,850
Dividends Paid	21,961			20,143			18,682			16,845			15,024			14,203			13,385			12,834			12,406			11,975			11,575
Net Interest Expense (Income)	(180		)	258			1,842			5,159			(609		)	(913		)	(292		)	61			1,532			5,612			9,616
Income Taxes Paid	38,033			54,560			32,208			42,346			41,517			44,446			29,483			25,633			22,607			17,678			26,858