EXHIBIT 11S DECORATOR INDUSTRIES, INC. COMPUTATION OF DILUTED EARNINGS PER SHARE OF COMMON STOCK FOR THE FIVE FISCAL YEARS ENDED DECEMBER 31, 2005 2005 2004 2003 2002 2001 ---------- ---------- ---------- ---------- ---------- Net income $1,364,814 $1,394,698 $1,561,778 $1,384,379 $ 861,561 ========== ========== ========== ========== ========== Average number of common shares outstanding 2,882,196 2,816,661 2,794,286 2,793,781 2,812,882 Dilutive effect of stock options on net income 116,402 150,126 33,316 36,526 7,895 ---------- ---------- ---------- ---------- ---------- Diluted weighted average shares used in the calculation of diluted earnings per share 2,998,598 2,966,787 2,827,602 2,830,307 2,820,777 ========== ========== ========== ========== ========== Diluted earnings per share $ 0.46 $ 0.47 $ 0.55 $ 0.49 $ 0.31 ========== ========== ========== ========== ==========