COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
THREE MONTHS NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
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1997 1996 1997 1996
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Common stock outstanding at beginning of period 8,794,334 8,788,499 8,777,890 8,734,694
Repurchase of common stock - (13,100) - (13,800)
Exercise of options - 2,491 16,444 56,996
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Common stock outstanding at end of period 8,794,334 8,777,890 8,794,334 8,777,890
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Weighted average shares outstanding 8,794,334 8,788,476 8,790,987 8,771,111
Dilutive effect of stock options after application of
treasury stock method 109,450 298,858 121,494 292,965
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Total 8,903,784 9,087,334 8,912,481 9,064,076
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Net income 3,740,000 4,867,000 7,754,000 13,389,000
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Net income per share and common
equivalent per share $ .42 $ .54 $ .87 $ 1.48
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Exhibit 11.1