EXHIBIT 11
THE GENERAL CHEMICAL GROUP INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNT)
(UNAUDITED)
Earnings per share were calculated as follows:
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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1995 1996 1995 1996
---- ---- ---- ----
Primary
Total income used for primary
earnings per share........................... $ 12,626 $ 14,634 $ 33,280 $ 30,992
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Weighted average common shares
outstanding.................................. 19,737 22,237 19,737 20,996
Weighted average common
equivalents shares........................... -- 929 -- 480
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Weighted average common and
common equivalent shares..................... 19,737 23,166 19,737 21,476
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Primary earnings per common share
and common equivalent share ................. $ .64 $ .63 $ 1.69 $ 1.44
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Fully Diluted
Total income used for fully diluted
earnings per share........................... $ 12,626 $ 14,634 $ 33,280 $ 30,992
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Weighted average common shares
outstanding.................................. 19,737 22,237 19,737 20,996
Weighted average common
equivalent shares............................ -- 1,009 -- 572
-------- -------- -------- --------
Weighted average common and
common equivalent shares..................... 19,737 23,246 19,737 21,568
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Fully diluted earnings per common share
and common equivalent share.................. $ .64 $ .63 $ 1.69 $ 1.44
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