EXHIBIT 11
COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED MARCH 31,
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1999 1998
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Common stock outstanding at beginning of period 7,989,404 8,849,005
Exercise of options - 110,045
Repurchase of common stock (56,200) -
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Common stock outstanding at end of period 7,933,204 8,959,050
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Weighted average shares outstanding, for computation of basic EPS 7,972,926 8,892,761
Dilutive effect of stock options after application of treasury stock method 5,120 338,221
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Total diluted weighted average shares outstanding, for computation of
diluted earnings per share 7,978,046 9,230,982
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Net income $ 2,306,000 $ 4,018,000
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Net income per common share - basic $ 0.29 $ 0.45
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Net income per common and common equivalent share - diluted $ 0.29 $ 0.44
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