EARNINGS PER SHARE AND TREASURY STOCK TRANSACTIONS (Tables)

6 Months Ended

Jun. 02, 2012

The following table provides a reconciliation of the numerators and denominators utilized in the calculation of basic and diluted earnings per share.



	Quarter Ended				Six Months Ended
	June 2, 2012		May 28, 2011		June 2, 2012		May 28, 2011
Weighted average number of shares outstanding - Basic	50,378,164		50,594,963		50,394,680		50,581,731
Dilutive effect of stock-based arrangements	602,183		687,420		642,686		703,080
Weighted average number of shares outstanding - Diluted	50,980,347		51,282,383		51,037,366		51,284,811

Net earnings attributable to CLARCOR Inc.	$	32,927	$	32,808	$	56,406	$	54,689

Net earnings per share attributable to CLARCOR Inc. - Basic	$	0.65	$	0.65	$	1.12	$	1.08
Net earnings per share attributable to CLARCOR Inc. - Diluted	$	0.65	$	0.64	$	1.11	$	1.07

The following table provides additional information regarding the calculation of earnings per share and treasury stock transactions.



	Quarter Ended				Six Months Ended
	June 2, 2012		May 28, 2011		June 2, 2012		May 28, 2011
Number of antidilutive options with exercise prices greater than the average market price excluded from the computation of dilutive earnings per share	510,850		60,000		510,850		60,000
Common stock repurchased and retired pursuant to the Company's stock repurchase program	$	7,748	$	6,945	$	11,383	$	8,892
Number of shares repurchased and retired pursuant to the Company's stock repurchase program	157,500		160,000		227,500		205,000