Bairnco 10-K 2000 FY Annual report

EXHIBIT 11

BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998

	2000	1999	1998
BASIC EARNINGS PER COMMON SHARE:
Net Income	$ 8,233,000	$ 8,641,000	$ 1,594,000
Average common shares outstanding	7,567,000	7,965,000	8,655,000
Basic Earnings Per Common Share	$ 1.09	$ 1.08	$ 0.18
DILUTED EARNINGS PER COMMON SHARE:
Net Income	$ 8,233,000	$ 8,641,000	$ 1,594,000
Average common shares outstanding	7,567,000	7,965,000	8,655,000
Common shares issuable in respect to
options issued to employees
with a dilutive effect	111,000	73,000	163,000
Total common shares assuming full dilution	7,678,000	8,038,000	8,818,000
Diluted Earnings Per Common Share	$ 1.07	$ 1.08	$ 0.18

Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding during each year. Diluted earnings per common share include the effect of all dilutive stock options.