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EXHIBIT 11
The Geon Company
Earnings Per Share (EPS)
(In millions, except per share data)
Three Months Ended
March 31,
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1998 1997
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BASIC EARNINGS PER COMMON SHARE:
Number of Shares:
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Average shares of common stock outstanding 23.3 23.4
Less: Average shares of contingently issuable restricted stock outstanding (0.4) (0.4)
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Total common shares outstanding for basic EPS 22.9 23.0
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DILUTED EARNINGS PER COMMON SHARE:
Number of Shares:
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Average shares of common stock outstanding 23.3 23.4
Net effect of dilutive stock options - based on treasury stock
method using average market price .2 .3
Net effect of unearned restricted stock and other stock-based compensation - (.1)
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Total common and common equivalent shares outstanding for diluted EPS 23.5 23.6
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Net income per share of common stock $ .25 $ .10
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Basic $ .25 $ .10
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Diluted