EXHIBITS TO FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 27, 1997
EXHIBIT 11.1
BAIRNCO CORPORATION
CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
FOR THE QUARTERS ENDED SEPTEMBER 27, 1997 AND SEPTEMBER 28, 1996
(Unaudited)
1997 1996
PRIMARY EARNINFS PER SHARE:
Net income $ 2,165,000 $ 1,938,000
Average common shares oustanding 9,014,000 9,735,000
Common shares issuable in respect to
stock equivalents, with a dilutive effect 240,000 94,000
Total common and common equivalent shares 9,254,000 9,829,000
Primary Earnings Per Common Share $ 0.23 $ 0.20
FULLY DILUTED EARNINGS PER SHARE:
Net Income $ 2,165,000 $ 1,938,000
Total common and common equivalent shares 9,254,000 9,829,000
Additional common shares assuming full
dilution 36,000 --
Total common shares assuming full dilution 9,290,000 9,829,000
Fully Diluted Earnings Per Common Share $ 0.23 $ 0.20
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 SEPTEMBER 27, 1997 AND SEPTEMBER 28, 1996
(Unaudited)
1997 1996
PRIMARY EARNINGS PER SHARE:
Net income $ 6,685,000 $ 6,246,000
Average common shares outstanding 9,201,000 9,839,000
Common shares issuable in respect to common
stock equivalents, with a dilutive effect 173,000 116,000
Total common and common equivalent shares 9,374,000 9,955,000
Primary Earnings Per Common Share $ 0.71 $ 0.63
FULLY DILUTED EARNINGS PER SHARE:
Net income $ 6,685,000 $ 6,246,000
Total common and common equivalent shares 9,374,000 9,955,000
Additional common shares assuming full
dilution 101,000 --
Total common shares assuming full dilution 9,475,000 9,955,000
Fully Diluted Earnings Per Common Share $ 0.71 $ 0.63
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.