EXHIBIT 11.1 BAIRNCO CORPORATION AND SUBSIDIARIES CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE FOR THE QUARTERS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999 (Unaudited) 2000 1999 BASIC EARNINGS PER COMMON SHARE: Net income $ 1,973,000 $ 2,013,000 Average common shares outstanding 7,513,000 7,895,000 Basic Earnings Per Common Share $ 0.26 $ 0.25 DILUTED EARNINGS PER COMMON SHARE: Net income $ 1,973,000 $ 2,013,000 Average common shares outstanding 7,513,000 7,895,000 Common shares issuable in respect to options issued to employees with a dilutive effect 125,000 125,000 Total diluted common shares outstanding 7,638,000 8,020,000 Diluted Earnings Per Common Share $ 0.26 $ 0.25