COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
THREE MONTHS SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
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1999 1998 1999 1998
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Common stock outstanding at beginning of period 7,933,204 8,959,050 7,989,404 8,849,005
Exercise of options 0 95,154 0 205,199
Repurchase of common stock (62,700) 0 (118,900) 0
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Common stock outstanding at end of period 7,870,504 9,054,204 7,870,504 9,054,204
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Weighted average shares outstanding,
for computation of basic earnings per share 7,893,338 9,019,682 7,932,912 8,956,572
Dilutive effect of stock options after application of
treasury stock method 28,053 417,332 16,587 379,099
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Total diluted weighted average shares outstanding,
For computation of diluted earnings per share 7,921,391 9,437,014 7,949,499 9,335,671
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Net income 3,362,000 4,004,000 5,668,000 8,022,000
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Net income per common share - basic $ .43 $ .44 $ .71 $ .90
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Net income per share and common
equivalent per share - diluted $ .42 $ .42 $ .71 $ .86
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Exhibit 11