COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Three Months Nine Months
Ended September 30, Ended September 30,
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1996 1995 1996 1995
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Common stock outstanding at beginning of period 8,788,499 9,091,994 8,734,694 9,091,994
Repurchase of common stock (13,100) - (13,800) -
Exercise of options 2,491 - 56,996 -
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Common stock outstanding at end of period 8,777,890 9,091,994 8,777,890 9,091,994
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Weighted average shares outstanding 8,788,476 9,091,994 8,771,111 9,091,994
Dilutive effect of stock options after
application of treasury stock method 298,858 49,053 292,965 56,087
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Total 9,087,334 9,141,047 9,064,076 9,148,081
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Net income $ 4,867,000 $ 41,000 $ 13,389,000 $ 3,787,000
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Net income per common and common
equivalent share $ .54 $ .00 $ 1.48 $ .41
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Exhibit 11.1
36