KAMAN CORPORATION AND SUBSIDIARIES
EXHIBIT 11 - EARNINGS PER SHARE COMPUTATION
(In thousands except per share amounts)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
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2000 1999 2000 1999
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Basic:
Net earnings $ 9,535 $ 8,197 $ 27,362 $ 23,501
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Weighted average number of
shares outstanding 23,217 23,455 23,169 23,549
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Net earnings per share - basic $ .41 $ .35 $ 1.18 $ 1.00
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Diluted:
Net earnings $ 9,535 $ 8,197 $ 27,362 $ 23,501
Elimination of interest expense
on 6% subordinated convertible
debentures(net after taxes) 255 261 777 785
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Net earnings (as adjusted) $ 9,790 $ 8,458 $ 28,139 $ 24,286
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Weighted average number of
shares outstanding 23,217 23,455 23,169 23,549
Weighted average shares issuable on
conversion of 6% subordinated
convertible debentures 1,136 1,207 1,156 1,226
Weighted average shares issuable on
exercise of diluted stock options 108 133 57 135
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Total 24,461 24,795 24,382 24,910
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Net earnings per share - diluted $ .40 $ .34 $ 1.15 $ .97
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