COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Three Months Six Months
Ended June 30, Ended June 30,
-------------------------- --------------------------
1996 1995 1996 1995
------------ ------------ ------------ ------------
Common stock outstanding at beginning of period 8,760,960 9,091,994 8,734,694 9,091,994
Repurchase of common stock - - (700) -
Exercise of options 27,539 - 54,505 -
------------ ------------ ------------ ------------
Common stock outstanding at end of 8,788,499 9,091,994 8,788,499 9,091,994
------------ ------------ ------------ ------------
------------ ------------ ------------ ------------
Weighted average shares outstanding 8,779,108 9,091,994 8,762,333 9,091,994
Dilutive effect of stock options after application
of treasury stock method 395,783 56,565 290,019 59,604
------------ ------------ ------------ ------------
Total 9,174,891 9,148,559 9,052,352 9,151,598
------------ ------------ ------------ ------------
------------ ------------ ------------ ------------
Net income $ 5,004,000 $ 2,277,000 $ 8,522,000 $ 3,746,000
------------ ------------ ------------ ------------
------------ ------------ ------------ ------------
Net income per common and common
equivalent share $ .55 $ .25 $ .94 $ .41
----- ----- ----- -----
Exhibit 11.1