1 CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE (In thousands except per share amounts) 1996 1995 1994 ------------------------------------- PRIMARY: Net Income $21,228 $10,152 $ 6,117 Weighted average shares outstanding 19,534 19,567 19,706 Primary earnings per share $ 1.09 $ .52 $ .31 FULLY DILUTED: Net Income $21,228 $10,152 $ 6,117 Weighted average shares outstanding 19,534 19,567 19,706 Incremental shares under stock option plans 218 172 205 ------------------------------------- Adjusted weighted average shares outstanding 19,752 19,739 19,911 ------------------------------------- Fully diluted earnings per share $ 1.07* $ .51* $ .31 * Differs from reported earning per share because the dilutive effect of outstanding stock options was less than three percent. -13-