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Exhibit 11
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Computation of Net Income Per Common Share
2
Exhibit 11
THE SCOTTS COMPANY
Computation of Net Income Per Common Share
(in millions except per share amounts)
For the Three Months Ended For the Year Ended
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September 30 September 30 September 30 September 30
1997 1996 1997 1996
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Net income (loss) for computing net income
(loss) per common share:
Net income (loss) $ (3.5) $(13.6) $39.5 $ (2.5)
Class A Convertible Preferred Stock
dividend (2.4) (2.4) (9.8) (9.8)
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Net income (loss) applicable to
common shares $ (5.9) $ 16.0) $29.7 $(12.3)
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Net income (loss) per common share: $(0.32) $(0.86) $1.35 $(0.65)
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Computation of Weighted-Average Number
of Common Shares Outstanding
(in millions)
For the Three Months Ended For the Year Ended
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September 30 September 30 September 30 September 30
1997 1996 1997 1996
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Weighted-average common shares
outstanding during the period 18.7 18.6 18.6 18.8
Assuming conversion of Class A
Convertible Preferred Stock -- -- 10.3 --
Assuming exercise of options -- -- 0.3 --
Assuming exercise of warrants -- -- 0.1 --
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Weighted-average number of common
shares outstanding and
dilutive common share equivalents 18.7 18.6 29.3 18.8
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Fully diluted weighted-average common shares outstanding were not materially
different than primary weighted-average common shares outstanding for the period
presented.