Bairnco 10-Q 2003 Q1 Quarterly report

EXHIBIT 11

BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE QUARTERS ENDED APRIL 5, 2003 AND MARCH 30, 2002

(Unaudited)

	2003	2002
BASIC EARNINGS PER COMMON SHARE:
Net income	$     889,000	$     681,000
Average common shares outstanding	7,334,000	7,329,000
Basic Earnings Per Common Share	$           0.12	$           0.09
DILUTED EARNINGS PER COMMON SHARE:
Net income	$      889,000	$      681,000
Average common shares outstanding	7,334,000	7,329,000
Common shares issuable in respect to options issued      to employees with a dilutive effect	2,000	5,000
Total diluted common shares outstanding	7,336,000	7,334,000
Diluted Earnings Per Common Share	$           0.12	$           0.09

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