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 NINE MONTHS ENDED
AUGUST 31, AUGUST 31,
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1996 1995 1996 1995
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NET INCOME (LOSS):
Continuing operations .......... $2,131 $1,673 $4,104 $ 1,732
Discontinued operations ......... -- -- -- 10,538
Extraordinary loss .............. -- -- (532) (367)
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Net Income (loss) ............. $2,131 $1,673 $3,572 $11,903
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WEIGHTED AVERAGE
NUMBER OF COMMON
AND COMMON
EQUIVALENT SHARES
OUTSTANDING ..................... 8,808 7,292 7,934 7,292
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NET INCOME (LOSS) PER
COMMON SHARE:
Continuing operations ........... $ 0.24 $ 0.23 $ 0.52 $ 0.24
Discontinued operations ......... -- -- -- 1.44
Extraordinary loss .............. -- -- (0.07) (0.05)
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Net income (loss) per
common share ................... $ 0.24 $ 0.23 $ 0.45 $ 1.63
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