FORM 10-Q
PART II. OTHER INFORMATION
AMERICAN BILTRITE INC. AND SUBSIDIARIES
June 29, 1996
Item 6. Exhibits
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(11) STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Six Months Ended
July 1, July 1,
1995 1995
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(000's omitted, except per share data)
Primary:
Average shares outstanding 3,595 3,583
Net effect of dilutive
stock options-based on
the treasury stock method
using average market price 221 234
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Totals 3,816 3,817
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Net income $ 2,127 $ 4,146
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Per share amount $ .56 $ 1.09
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Fully diluted:
Average shares outstanding 3,595 3,583
Net effect of dilutive
stock options-based on
the treasury stock method
using quarter-end market
price 221 234
-------- --------
Totals 3,816 3,817
======== ========
Net income $ 2,127 $ 4,146
======== ========
Per share amount $ .56 $ 1.09
======== ========
Note: There was no dilutive effect from stock options in 1996.
Weighted average shares outstanding for the three months
and six months ended June 29, 1996 were 3,647,989 and
3,659,236, respectively.