RIDDELL SPORTS INC. EXHIBIT 11.2
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Three Months Ended March 31,
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1997 1996
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Primary earnings per share:
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Weighted average common shares outstanding
during period 8,067,985 8,067,985
Common shares equivalents of dilutive stock
options based on treasury stock method
using average market price for quarter -0- 388,977
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Average common shares and equivalents 8,067,985 8,456,962
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Net income (loss) for the period ($ 17,119) $1,290,398
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Per share amount $ 0.00 $ 0.15
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Fully diluted earnings per share:
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Weighted average common shares outstanding
during period 8,067,985 8,067,985
Common shares equivalents of dilutive stock
options based on treasury stock method
using quarter ending market price which is -0- 529,924
higher than average market price ----------- ----------
Average common shares and equivalents 8,067,985 8,597,909
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Net income for the period ($ 17,119) $1,290,398
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Per share amount ($ 0.00) $ 0.15
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