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
MARCH 31,
------------------------
1996 1997
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Primary
Total income used for primary
earnings per share................................................ $ 9,316 $ 11,714
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Weighted average common shares
outstanding....................................................... 19,737 22,262
Weighted average common
equivalent shares................................................. -- 1,032
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Weighted average common and
common equivalent shares.......................................... 19,737 23,294
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Primary earnings per common share
and common equivalent share ...................................... $ .47 $ .50
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Fully Diluted
Total income used for fully diluted
earnings per share................................................ $ 9,316 $ 11,714
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Weighted average common shares
outstanding....................................................... 19,737 22,262
Weighted average common
equivalent shares................................................. -- 1,121
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Weighted average common and
common equivalent shares.......................................... 19,737 23,383
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Fully diluted earnings per common share
and common equivalent share....................................... $ .47 $ .50
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