PART I - EXHIBIT 11
BLOUNT INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER COMMON SHARE
(In thousands, except share data)
(Unaudited)
Three Months Six Months
Ended June 30, Ended June 30,
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1996 1995 1996 1995
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Primary:
Net income $ 10,621 $ 9,680 $ 24,034 $ 21,366
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Shares:
Weighted average common
shares outstanding 19,241,799 18,945,971 19,241,150 18,945,329
Dilutive effect of stock
options 334,795 477,406 303,077 492,931
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Average common shares
outstanding as adjusted 19,576,594 19,423,377 19,544,227 19,438,260
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Primary net income per
common share $ .54 $ .50 $ 1.23 $ 1.10
========== ========== ========== ==========
Assuming Full Dilution:
Net income $ 10,621 $ 9,680 $ 24,034 $ 21,366
========== ========== ========== ==========
Shares:
Average common shares as
adjusted for primary
computation 19,576,594 19,423,377 19,544,227 19,438,260
Additional dilutive effect
of stock options 16,074 18,167 495
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Average common shares
outstanding as adjusted 19,576,594 19,439,451 19,562,394 19,438,755
========== ========== ========== ==========
Net income per common share
assuming full dilution $ .54 $ .50 $ 1.23 $ 1.10
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