EXHIBITS
TO FORM 10-Q
FOR QUARTER ENDED
October 1, 1994
EXHIBIT 11.1
BAIRNCO CORPORATION
CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED OCTOBER 1, 1994 AND OCTOBER 2, 1993
(Unaudited)
1994 1993
PRIMARY EARNINGS PER SHARE:
Income from continuing operations $ 1,745,000 $ 1,701,000
(Loss) from discontinued operations, net of
income taxes -- (626,000)
Net income $ 1,745,000 $ 1,075,000
Average common shares outstanding 10,500,000 10,500,000
Common shares issuable in respect to common
stock equivalents, with a dilutive effect -- --
Total common and common equivalent shares 10,500,000 10,500,000
Primary Earnings Per Common Share:
Continuing operations $ 0.17 $ 0.16
Discontinued operations -- (0.06)
Total $ 0.17 $ 0.10
FULLY DILUTED EARNINGS PER SHARE:
Income from continuing operations $ 1,745,000 $ 1,701,000
(Loss) from discontinued operations, net of
income taxes -- (626,000)
Net income $ 1,745,000 $ 1,075,000
Total common and common equivalent shares 10,500,000 10,500,000
Additional common shares assuming
full dilution -- --
Total common shares assuming full dilution 10,500,000 10,500,000
Fully Diluted Earnings Per Common Share:
Continuing operations $ 0.17 $ 0.16
Discontinued operations -- (0.06)
Total $ 0.17 $ 0.10
Earnings per share are based on the average number of shares
outstanding during each period. Primary earnings per share include all
common stock equivalents. Fully diluted earnings per share include all
common stock equivalents plus the additional common shares issuable
assuming full dilution.
EXHIBIT 11.2
BAIRNCO CORPORATION
CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED OCTOBER 1, 1994 AND OCTOBER 2, 1993
(Unaudited)
1994 1993
PRIMARY EARNINGS PER SHARE:
Income from continuing operations $ 5,345,000 $ 5,418,000
(Loss) from discontinued operations, net of
income taxes -- (1,038,000)
Net income $ 5,345,000 $ 4,380,000
Average common shares outstanding 10,500,000 10,500,000
Common shares issuable in respect to common
stock equivalents, with a dilutive effect -- 109,000
Total common and common equivalent shares 10,500,000 10,609,000
Primary Earnings Per Common Share:
Continuing operations $ 0.51 $ 0.51
Discontinued operations -- (0.10)
Total $ 0.51 $ 0.41
FULLY DILUTED EARNINGS PER SHARE:
Income from continuing operations $ 5,345,000 $ 5,418,000
(Loss) from discontinued operations, net of
income taxes -- (1,038,000)
Net income $ 5,345,000 $ 4,380,000
Total common and common equivalent shares 10,500,000 10,609,000
Additional common shares assuming
full dilution -- 7,000
Total common shares assuming full dilution 10,500,000 10,616,000
Fully Diluted Earnings Per Common Share:
Continuing operations $ 0.51 $ 0.51
Discontinued operations -- (0.10)
Total $ 0.51 $ 0.41
Earnings per share are based on the average number of shares
outstanding during each period. Primary earnings per share include all
common stock equivalents. Fully diluted earnings per share include all
common stock equivalents plus the additional common shares issuable
assuming full dilution.