EXHIBIT 11
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE
FOR THE YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000
2002 | 2001 | 2000 | |
BASIC EARNINGS (LOSS) PER COMMON SHARE: | |||
Net Income (Loss) | $ 1,361,000 | $ (308,000) | $ 8,233,000 |
Weighted-average common shares outstanding | 7,332,000 | 7,321,000 | 7,567,000 |
Basic Earnings (Loss) Per Common Share | $ 0.19 | $ (0.04) | $ 1.09 |
DILUTED EARNINGS (LOSS) PER COMMON SHARE: | |||
Net Income (Loss) | $ 1,361,000 | $ (308,000) | $ 8,233,000 |
Weighted-average common shares outstanding | 7,332,000 | 7,321,000 | 7,567,000 |
Common shares issuable in respect to | |||
Options issued to employees | |||
with a dilutive effect | 5,000 | -- | 111,000 |
Total common shares assuming full dilution | 7,337,000 | 7,321,000 | 7,678,000 |
Diluted Earnings (Loss) Per Common Share | $ 0.19 | $ (0.04) | $ 1.07 |
Basic earnings (loss) 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 (loss) per common share includes the effect of all dilutive stock options except in 2001 because to do so would be antidilutive.
