KAMAN CORPORATION AND SUBSIDIARIES
EXHIBIT 11 - EARNINGS PER COMMON SHARE COMPUTATION
(In thousands except per share amounts)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
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1999 1998 1999 1998
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Basic:
Net earnings $ 8,031 $ 7,617 $ 15,304 $ 14,593
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Weighted average number
of common shares outstanding 23,540 23,722 23,596 23,125
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Net earnings per common
share - basic $ .34 $ .32 $ .65 $ .63
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Diluted:
Net earnings $ 8,031 $ 7,617 $ 15,304 $ 14,593
Elimination of interest expense
on 6% subordinated convertible
debentures(net after taxes) 257 265 524 542
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Net earnings (as adjusted) $ 8,288 $ 7,882 $ 15,828 $ 15,135
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Weighted average number of common
shares outstanding 23,540 23,722 23,596 23,125
Weighted average shares issuable on
conversion of 6% subordinated
convertible debentures 1,208 1,279 1,236 1,307
Weighted average shares issuable on
conversion of Series 2
preferred stock -- -- -- 565
Weighted average shares issuable on
exercise of diluted stock options 126 298 136 289
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Total 24,874 25,299 24,968 25,286
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Net earnings per common share
- diluted $ .33 $ .31 $ .63 $ .60
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