Church & Dwight (CHD) 10-Q 2007 Q2 Quarterly report

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

EXHIBIT 11 - Computation of Earnings Per Share

(In thousands except per share amounts)

	Three Months Ended				Six Months Ended
	June 29, 2007		June 30, 2006		June29, 2007		June 30, 2006
BASIC:
Net Income	$	40,533	$	36,406	$	85,632	$	76,353
Weighted average shares outstanding		65,804		64,702		65,687		64,590
Basic earnings per share	$	0.62	$	0.56	$	1.30	$	1.18
DILUTED:
Net Income	$	40,533	$	36,406	$	85,632	$	76,353
After-tax interest cost of convertible debt		922		922		1,844		1,844
Net Income plus assumed debt conversion	$	41,455	$	37,328	$	87,476	$	78,197
Weighted average shares outstanding		65,804		64,702		65,687		64,590
Dilutive effect of convertible debt		3,229		3,229		3,228		3,228
Incremental shares under stock option plans		1,289		837		1,264		855
Adjusted weighted average shares outstanding		70,322		68,768		70,179		68,673
Diluted earnings per share	$	0.59	$	0.54	$	1.25	$	1.14