COASTCAST CORPORATION COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) THREE MONTHS NINE MONTHS ENDED SEPTEMBER 30, ENDED SEPTEMBER 30, ------------------------------------- ---------------------------------- 2000 1999 2000 1999 ---------------- ----------------- -------------- --------------- Common stock outstanding at beginning of period 7,738,372 7,870,504 7,701,571 7,989,404 Exercise of options 1,667 4,667 38,468 4,667 Repurchase of common stock (375,658) - (375,658) (118,900) ---------------- ----------------- -------------- --------------- Common stock outstanding at end of period 7,364,381 7,875,171 7,364,381 7,875,171 ================ ================= ============== =============== Weighted average shares outstanding, for computation of basic earnings per share 7,579,377 7,872,939 7,662,427 7,912,701 Dilutive effect of stock options after application of treasury stock method 148,898 37,282 185,170 23,485 ---------------- ----------------- -------------- --------------- Total diluted weighted average shares outstanding, for computation of diluted earnings per share 7,728,275 7,910,221 7,847,597 7,936,186 ================ ================= ============== =============== ---------------- ----------------- -------------- --------------- Net income $1,596,000 $1,571,000 $8,680,000 $7,239,000 ================ ================= ============== =============== Net income per share data: Net income per share - basic $0.21 $0.20 $1.13 $0.91 ================ ================= ============== =============== Net income per share - diluted $0.21 $0.20 $1.11 $0.91 ================ ================= ============== =============== Exhibit 11