EXHIBIT 11.1
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED OCTOBER 1, 2005 AND OCTOBER 2, 2004
(Unaudited)
2005 | 2004 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 215,000 | $ 860,000 |
Income from spun off subsidiary, net of tax | - | 24,695,000 |
Net income | $ 215,000 | $ 25,555,000 |
Average common shares outstanding | 7,346,000 | 7,368,000 |
Basic earnings per share from continuing operations | $ 0.03 | $ 0.12 |
Basic earnings per share from spun off subsidiary | - | 3.35 |
Basic earnings per share | $ 0.03 | $ 3.47 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 215,000 | $ 860,000 |
Income from spun off subsidiary, net of tax | - | 24,695,000 |
Net income | $ 215,000 | $ 25,555,000 |
Average common shares outstanding | 7,346,000 | 7,368,000 |
Dilutive effect of restricted stock | 79,000 | 61,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 187,000 | 158,000 |
Total diluted common shares outstanding | 7,612,000 | 7,587,000 |
Diluted earnings per share from continuing operations | $ 0.03 | $ 0.11 |
Diluted earnings per share from spun off subsidiary | - | 3.25 |
Diluted earnings per share | $ 0.03 | $ 3.37 |
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EXHIBIT 11.2
BAIRNCO CORPORATION AND SUBSIDIARIES
CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED OCTOBER 1, 2005 AND OCTOBER 2, 2004
(Unaudited)
2005 | 2004 | |
BASIC EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 2,726,000 | $ 3,245,000 |
Income from spun off subsidiary, net of tax | - | 24,695,000 |
Net income | $ 2,726,000 | $ 27,940,000 |
Average common shares outstanding | 7,379,000 | 7,355,000 |
Basic earnings per share from continuing operations | $ 0.37 | $ 0.44 |
Basic earnings per share from spun off subsidiary | - | 3.36 |
Basic Earnings Per Common Share | $ 0.37 | $ 3.80 |
DILUTED EARNINGS PER COMMON SHARE: | ||
Income from continuing operations | $ 2,726,000 | $ 3,245,000 |
Income from spun off subsidiary, net of tax | - | 24,695,000 |
Net income | $ 2,726,000 | $ 27,940,000 |
Average common shares outstanding | 7,379,000 | 7,355,000 |
Dilutive effect of restricted stock | 79,000 | 57,000 |
Common shares issuable in respect to options issued to employees with a dilutive effect | 191,000 | 115,000 |
Total diluted common shares outstanding | 7,649,000 | 7,527,000 |
Diluted earnings per share from continuing operations | $ 0.36 | $ 0.43 |
Diluted earnings per share from spun off subsidiary | - | 3.28 |
Diluted Earnings Per Common Share | $ 0.36 | $ 3.71 |
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