QuickLinks -- Click here to rapidly navigate through this document
COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 2000 | 2001 | 2000 | ||||||||||
Common stock outstanding at beginning of period | 7,676,042 | 7,738,372 | 7,641,769 | 7,701,571 | ||||||||||
Exercise of options | — | 1,667 | 34,273 | 38,468 | ||||||||||
Repurchase of common stock | (41,000 | ) | (375,658 | ) | (41,000 | ) | (375,658 | ) | ||||||
Common stock outstanding at end of period | 7,635,042 | 7,364,381 | 7,635,042 | 7,364,381 | ||||||||||
Weighted average shares outstanding, | ||||||||||||||
for computation of basic earnings per share | 7,661,335 | 7,579,377 | 7,670,411 | 7,662,427 | ||||||||||
Dilutive effect of stock options after application of | ||||||||||||||
treasury stock method | 48 | 148,898 | 10,382 | 185,170 | ||||||||||
Total diluted weighted average shares outstanding, | ||||||||||||||
for computation of diluted earnings per share | 7,661,383 | 7,728,275 | 7,680,793 | 7,847,597 | ||||||||||
Net income | $ | 1,188,000 | $ | 1,596,000 | $ | 199,000 | $ | 8,680,000 | ||||||
Net income per share data: | ||||||||||||||
Net income per share—basic | $ | 0.16 | $ | 0.21 | $ | 0.03 | $ | 1.13 | ||||||
Net income per share—diluted | $ | 0.16 | $ | 0.21 | $ | 0.03 | $ | 1.11 | ||||||
11
Exhibit 11
COASTCAST CORPORATION COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)