1 EXHIBIT 11 DUCOMMUN INCORPORATED AND SUBSIDIARIES RECONCILIATION OF THE NUMERATORS AND DENOMINATORS OF THE BASIC AND DILUTED EARNINGS PER SHARE COMPUTATIONS For the Year Ended December 31, 1999 ---------------------------------------------- Income Shares Per-Share (Numerator) (Denominator) Amount ----------- ------------- --------- BASIC EPS Income Available to Common Stockholders $13,444,000 10,209,000 $1.32 ===== EFFECT OF DILUTIVE SECURITIES Stock Options -- 309,000 ----------- ----------- DILUTED EPS Income Available to Common Stockholders + Assumed Conversions $13,444,000 $10,518,000 $1.28 =========== =========== ===== For the Year Ended December 31, 1998 ---------------------------------------------- Income Shares Per-Share (Numerator) (Denominator) Amount ----------- ------------- --------- BASIC EPS Income Available to Common Stockholders $23,693,000 11,149,000 $2.13 ===== EFFECT OF DILUTIVE SECURITIES Stock Options - 469,000 ----------- ----------- DILUTED EPS Income Available to Common Stockholders + Assumed Conversions $23,693,000 $11,618,000 $2.04 =========== =========== ===== For the Year Ended December 31, 1997 ---------------------------------------------- Income Shares Per-Share (Numerator) (Denominator) Amount ----------- ------------- --------- BASIC EPS Income Available to Common Stockholders $14,297,000 11,037,000 $1.30 ===== EFFECT OF DILUTIVE SECURITIES Stock Options - 829,000 ----------- ----------- DILUTED EPS Income Available to Common Stockholders + Assumed Conversions $14,297,000 $11,866,000 $1.20 =========== =========== ===== Note: Share-related data have been adjusted for the 3-for-2 stock split in June 1998.