EXHIBIT 11
THE GENERAL CHEMICAL GROUP INC.
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT 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,
------------------- ----------------
1996 1997 1996 1997
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Primary
Total income used for primary
earnings per share........................... $ 14,634 $ 15,102 $ 30,992 $ 44,074
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Weighted average common shares
outstanding.................................. 22,237 20,955 20,996 21,511
Weighted average common
equivalent shares............................ 929 1,213 480 1,087
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Weighted average common and
common equivalent share...................... 23,166 22,168 21,476 22,598
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Primary earnings per common share
and common equivalent shares................. $ .63 $ .68 $ 1.44 $ 1.95
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Fully Diluted
Total income used for primary
earnings per share........................... $ 14,634 $ 15,102 $ 30,992 $ 44,074
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Weighted average common shares
outstanding.................................. 22,237 20,955 20,996 21,511
Weighted average common
equivalent shares............................ 1,009 1,287 572 1,287
-------- -------- -------- --------
Weighted average common and
common equivalent shares..................... 23,246 22,242 22,568 22,798
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Primary earnings per common share
and common equivalent shares................. $ .63 $ .68 $ 1.44 $ 1.93
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