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CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
(In thousands except per share amounts)
1994 1993 1992
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PRIMARY:
Income before cumulative effect of accounting changes $6,117 $29,486 $29,503
Cumulative effect of accounting changes -- (3,200) --
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Net income $6,117 $26,286 $29,503
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Weighted average shares outstanding 19,706 20,223 20,338
Primary earnings per share:
Income before cumulative effect of accounting changes $.31 $1.46 $1.45
Cumulative effect of accounting changes -- (0.16) --
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Net income $.31 $1.30 $1.45
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FULLY DILUTED:
Income before cumulative effect of accounting changes $6,117 $29,486 $29,503
Cumulative effect of accounting changes -- (3,200) --
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Adjusted net income $6,117 $26,286 $29,503
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Weighted average shares outstanding 19,706 20,223 20,338
Incremental shares under stock option plans 205 352 489
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Adjusted weighted average shares outstanding 19,911 20,575 20,827
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Fully diluted earnings per share:
Income before cumulative effect of accounting changes $.31 $1.43 $1.42
Cumulative effect of accounting changes -- (0.15) --
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Net income $.31 $1.28 * $1.42*
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* Differs from reported earnings per share because the dilutive effect of
outstanding stock options was less than three percent.
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