COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
THREE MONTHS
ENDED MARCH 31,
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1997 1996
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Common stock outstanding at beginning of period 8,777,890 8,734,694
Repurchase of common stock -- (700)
Exercise of options 16,444 26,966
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Common stock outstanding at end of period 8,794,334 8,760,960
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Weighted average shares outstanding 8,784,181 8,745,558
Dilutive effect of stock options after application of
treasury stock method 186,850 184,254
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Total 8,971,031 8,929,812
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Net income $1,198,000 $3,518,000
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Net income per common and common equivalent share $ 0.13 $ 0.39
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