COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
THREE MONTHS SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
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1997 1996 1997 1996
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Common stock outstanding at beginning of period 8,794,334 8,760,960 8,777,890 8,734,694
Repurchase of common stock - - - (700)
Exercise of options - 27,539 16,444 54,505
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Common stock outstanding at end of period 8,794,334 8,788,499 8,794,334 8,788,499
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Weighted average shares outstanding 8,794,334 8,779,108 8,789,286 8,762,333
Dilutive effect of stock options after application of
treasury stock method 88,046 395,783 129,812 290,019
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Total 8,882,380 9,174,891 8,919,098 9,052,352
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Net income 2,816,000 5,004,000 4,014,000 8,522,000
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Net income per share and common
equivalent per share $ .32 $ .55 $ .45 $ .94
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Exhibit 11.1
46