EXHIBIT 11.1
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED OCTOBER 2, 2004 AND OCTOBER 4, 2003
(Unaudited)
2004 | 2003 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 860,000 | $ 590,000 |
Income from spun off subsidiary, net of tax | 24,695,000 | -- |
Net income | $ 25,555,000 | $ 590,000 |
Average common shares outstanding | 7,368,000 | 7,341,000 |
Basic earnings per share from continuing operations | $ 0.12 | $ 0.08 |
Basic earnings per share from spun off subsidiary | 3.35 | -- |
Basic earnings per share | $ 3.47 | $ 0.08 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 860,000 | $ 590,000 |
Income from spun off subsidiary, net of tax | 24,695,000 | -- |
Net income | $ 25,555,000 | $ 590,000 |
Average common shares outstanding | 7,368,000 | 7,341,000 |
Dilutive effect of restricted stock | 61,000 | 27,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 158,000 | 43,000 |
Total diluted common shares outstanding | 7,587,000 | 7,411,000 |
Diluted earnings per share from continuing operations | $ 0.11 | $ 0.08 |
Diluted earnings per share from spun off subsidiary | 3.25 | -- |
Diluted earnings per share | $ 3.37 | $ 0.08 |
EXHIBIT 11.2
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED OCTOBER 2, 2004 AND OCTOBER 4, 2003
(Unaudited)
2004 | 2003 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 3,245,000 | $ 2,060,000 |
Income from spun off subsidiary, net of tax | 24,695,000 | -- |
Net income | $ 27,940,000 | $ 2,060,000 |
Average common shares outstanding | 7,355,000 | 7,337,000 |
Basic earnings per share from continuing operations | $ 0.44 | $ 0.28 |
Basic earnings per share from spun off subsidiary | 3.36 | |
Basic Earnings Per Common Share | $ 3.80 | $ 0.28 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 3,245,000 | $ 2,060,000 |
Income from spun off subsidiary, net of tax | 24,695,000 | -- |
Net income | $ 27,940,000 | $ 2,060,000 |
Average common shares outstanding | 7,355,000 | 7,337,000 |
Dilutive effect of restricted stock | 57,000 | 24,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 115,000 | 15,000 |
Total diluted common shares outstanding | 7,527,000 | 7,376,000 |
Diluted earnings per share from continuing operations | $ 0.43 | $ 0.28 |
Diluted earnings per share from spun off subsidiary | 3.28 | -- |
Diluted Earnings Per Common Share | $ 3.71 | $ 0.28 |
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