EXHIBIT 11
CHATTEM, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Unaudited and in thousands, except per share amounts)
FOR THE THREE MONTHS ENDED FOR THE SIX MONTHS ENDED
MAY 31, MAY 31,
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1995 1994 1995 1994
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NET INCOME:
Continuing operations.............................. $ 670 $ 1,198 $ 59 $ 560
Discontinued operations............................ 10,177 355 10,538 740
Extraordinary loss................................. (367) - (367) -
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Net Income....................................... $ 10,480 $ 1,553 $ 10,230 $ 1,300
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WEIGHTED AVERAGE NUMBER OF COMMON AND
COMMON EQUIVALENT SHARES OUTSTANDING................ 7,292 7,292 7,292 7,292
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NET INCOME PER COMMON SHARE:
Continuing operations.............................. $ 0.09 $ 0.16 $ 0.01 $ 0.08
Discontinued operations............................ 1.40 0.05 1.44 0.10
Extraordinary loss................................. (0.05) - (0.05) -
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Net income per common share.................... $ 1.44 $ 0.21 $ 1.40 $ 0.18
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