EXHIBIT 11.1
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED JULY 3, 2004 AND JULY 5, 2003
(Unaudited)
2004 | 2003 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Net income | $ 1,130,000 | $ 581,000 |
Average common shares outstanding | 7,352,000 | 7,335,000 |
Basic Earnings Per Common Share | $ 0.15 | $ 0.08 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Net income | $ 1,130,000 | $ 581,000 |
Average common shares outstanding | 7,352,000 | 7,335,000 |
Dilutive effect of restricted stock | 54,000 | 14,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 109,000 | 17,000 |
Total diluted common shares outstanding | 7,515,000 | 7,366,000 |
Diluted Earnings Per Common Share | $ 0.15 | $ 0.08 |
EXHIBIT 11.2
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE SIX MONTHS ENDED JULY 3, 2004 AND JULY 5, 2003
(Unaudited)
2004 | 2003 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Net income | $ 2,385,000 | $ 1,470,000 |
Average common shares outstanding | 7,348,000 | 7,335,000 |
Basic Earnings Per Common Share | $ 0.32 | $ 0.20 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Net income | $ 2,385,000 | $ 1,470,000 |
Average common shares outstanding | 7,348,000 | 7,335,000 |
Dilutive effect of restricted stock | 50,000 | 14,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 85,000 | 8,000 |
Total diluted common shares outstanding | 7,483,000 | 7,357,000 |
Diluted Earnings Per Common Share | $ 0.32 | $ 0.20 |
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