THE CHROMALINE CORPORATION
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Unaudited)
Three Months Ended
------------------
Mar 31, 2002 Mar 31, 2001
------------ ------------
Net earnings applicable to common shareholders $ 23,407 $ 88,402
for basic and diluted earnings per share
Weighted average shares outstanding for basic
earnings per share 1,263,916 1,271,627
Dilutive effect of stock options computed using the
treasury stock method and the average market price 0 3,860
Weighted average shares outstanding for diluted
earnings per share 1,263,916 1,275,487
Basic earnings per share $ 0.02 $ 0.07
Diluted earnings per share $ 0.02 $ 0.07
15