Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(Continued):
Exhibit 11.
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THE BOSTON BEER COMPANY, INC.
STATEMENT REGARDING COMPUTATION OF NET EARNINGS PER SHARE
(in thousands, except per share data)
Year ended
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December 27, December 28, December 31,
1997 1996 1995
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Weighted number average of common shares outstanding 20,323,764 19,969,633 16,991,001
Add:Common equivalent shares representing shares issuable upon
conversion of stock options (using the treasury stock method) 166,688 382,363 685,511
Add: Common equivalent shares per SAB Topic 1B - - 230,253
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Weighted average number of common and common equivalent shares 20,490,452 20,351,996 17,906,765
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Net income $ 7,558 $ 8,385 $ 5,896(1)
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Earnings per share - Basic $ 0.37 $ 0.42 $ 0.35(1)
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Earnings per share - Diluted $ 0.37 $ 0.41 $ 0.33(1)
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(1) Pro forma, see Note B on the accompanying Notes to the Consolidated
Financial Statements.