P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
YEAR ENDED DECEMBER 31, 1995
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FULLY
PRIMARY DILUTED
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Net income $1 491 975 $1 491 975
Dividends on preferred stock (263 345) (263 345)
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1 228 630 1 228 630
Addback to net income of decrease
in interest expense resulting
from assumed use of proceeds
from exercise of options to
reduce outstanding debt 20 279 18 042
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Net income for earnings per
common share $1 248 909 $1 246 672
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Weighted average number of common
shares outstanding during the year 2 928 867 2 928 867
Common share equivalents - shares
issuable upon exercise of stock
options 383 768 383 413
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Weighted average number of common
shares and common share equivalents
used in calculation of earnings
per common share 3 312 635 3 312 280
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Earnings per common share $ .38 $ .38
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