EXHIBITS TO FORM 10-Q
FOR THE QUARTER ENDED JUNE 28, 1997
EXHIBIT 11.1
BAIRNCO CORPORATION
CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED JUNE 28, 1997 AND JUNE 29, 1996
(Unaudited)
1997 1996
PRIMARY EARNINGS PER SHARE:
Net income $ 2,347,000 $ 2,199,000
Average common shares outstanding 9,198,000 9,835,000
Common shares issuable in respect to common
stock equivalents, with a dilutive effect 142,000 140,000
Total common and common equivalent shares 9,340,000 9,975,000
Primary Earnings Per Common Share $ 0.25 $ 0.22
FULLY DILUTED EARNINGS PER SHARE:
Net income $ 2,347,000 $ 2,199,000
Total common and common equivalent shares 9,340,000 9,975,000
Additional common shares assuming full
dilution 41,000 7,000
Total common shares assuming full dilution 9,381,000 9,982,000
Fully Diluted Earnings Per Common Share $ 0.25 $ 0.22
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 SIX MONTHS ENDED JUNE 28, 1997 AND JUNE 29, 1996
(Unaudited)
1997 1996
PRIMARY EARNINGS PER SHARE:
Net income $ 4,520,000 $ 4,308,000
Average common shares outstanding 9,295,000 9,891,000
Common shares issuable in respect to common
stock equivalents, with a dilutive effect 136,000 129,000
Total common and common equivalent shares 9,431,000 10,020,000
Primary Earnings Per Common Share $ 0.48 $ 0.43
FULLY DILUTED EARNINGS PER SHARE:
Net income $ 4,520,000 $ 4,308,000
Total common and common equivalent shares 9,431,000 10,020,000
Additional common shares assuming full dilution 47,000 18,000
Total common shares assuming full dilution 9,478,000 10,038,000
Fully Diluted Earnings Per Common Share $ 0.48 $ 0.43
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.