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COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 2000 | 2001 | 2000 | |||||||||
Common stock outstanding at beginning of period | 7,676,042 | 7,701,571 | 7,641,769 | 7,701,571 | |||||||||
Exercise of options | — | 36,801 | 34,273 | 36,801 | |||||||||
Common stock outstanding at end of period | 7,676,042 | 7,738,372 | 7,676,042 | 7,738,372 | |||||||||
Weighted average shares outstanding, for computation of basic earnings per share | 7,676,042 | 7,707,245 | 7,675,024 | 7,704,408 | |||||||||
Dilutive effect of stock options after application of treasury stock method | 15,809 | 262,346 | 15,549 | 203,307 | |||||||||
Total diluted weighted average shares outstanding, For computation of diluted earnings per share | 7,691,851 | 7,969,591 | 7,690,573 | 7,907,715 | |||||||||
Net (loss) income | (332,000 | ) | 4,132,000 | (989,000 | ) | 7,084,000 | |||||||
Net (loss) income per common share—basic | $ | (.04 | ) | $ | .54 | $ | (.13 | ) | $ | .92 | |||
Net (loss) income per share and common equivalent per share—diluted | $ | (.04 | ) | $ | .52 | $ | (.13 | ) | $ | .90 | |||
EXHIBIT 11
COASTCAST CORPORATION COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)