Exhibit 11
COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
THREE MONTHS NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
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1998 1997 1998 1997
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Common stock outstanding at beginning of period 8,959,050 8,794,334 8,849,005 8,777,890
Exercise of options 95,154 - 205,199 16,444
Repurchase of common stock (1,047,800) - (1,047,800) -
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Common stock outstanding at end of period 8,006,404 8,794,334 8,006,404 8,794,334
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Weighted average shares outstanding,
for computation of basic earnings per share 8,657,080 8,794,334 8,855,644 8,790,987
Dilutive effect of stock options after application
of treasury stock method 42,227 109,450 253,992 121,494
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Total diluted weighted average shares outstanding,
for computation of diluted earnings per share 8,699,307 8,903,784 9,109,636 8,912,481
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Income from continuing operations $682,000 $3,740,000 $8,704,000 $7,754,000
Loss from discontinued operations (157,000) - (157,000) -
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Net income $525,000 $3,740,000 $8,547,000 $7,754,000
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Net income per share data:
Income from continuing operations per share -
basic $0.08 $0.43 $0.99 $0.88
Discontinued operations per share - basic (0.02) - (0.02) -
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Net income per share - basic $0.06 $0.43 $0.97 $0.88
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Income from continuing operations per share -
diluted $0.08 $0.42 $0.96 $0.87
Discontinued operations per share - diluted (0.02) - (0.02) -
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Net income per share - diluted $0.06 $0.42 $0.94 $0.87
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