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EXHIBIT 11
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED APRIL 3, 2004 AND APRIL 5, 2003
(Unaudited)
2004 | 2003 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Net income | $ 1,255,000 | $ 889,000 |
Average common shares outstanding | 7,342,000 | 7,334,000 |
Basic Earnings Per Common Share | $ 0.17 | $ 0.12 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Net income | $ 1,255,000 | $ 889,000 |
Average common shares outstanding | 7,342,000 | 7,334,000 |
Dilutive effect of restricted stock | 39,000 | -- |
Common shares issuable in respect to options issued to employees with a dilutive effect | 50,000 | 2,000 |
Total diluted common shares outstanding | 7,431,000 | 7,336,000 |
Diluted Earnings Per Common Share | $ 0.17 | $ 0.12 |
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