Exhibit 11
Computation of Basic and Diluted Earnings Per Common Share
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A. Schulman Inc.
Computation of Basic and Diluted Earnings Per Common Share.
Year ended August 31
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2004 2003 2002
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Net income $ 27,906,000 $ 15,954,000 $ 32,154,000
Dividends on preferred stock 53,000 53,000 53,000
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Net income applicable to
common stock $ 27,853,000 $ 15,901,000 $ 32,101,000
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Number of shares on which basic
earnings per share is calculated:
Average outstanding during
period 30,128,117 29,496,281 29,296,435
Add - Incremental shares
under stock compensation plans 446,940 370,602 349,216
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Number of shares on which
diluted earnings per share
is calculated 30,575,057 29,667,037 29,845,497
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Basic earnings per share $ 0.93 $ 0.54 $ 1.10
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Diluted earnings per share $ 0.91 $ 0.53 $ 1.08
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