EXHIBIT 11
THE CHROMALINE CORPORATION
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Unaudited)
Six Months Ended
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June 30, 1999 June 30, 1998
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Net earnings applicable to common shareholders $ 400,761 $ 565,087
for basic and diluted earnings per share
Weighted average shares outstanding for basic 1,179,084 1,159,886
earnings per share
Dilutive effect of stock options computed using the 7,519 8,550
treasury stock method and the average market price
Weighted average shares outstanding for diluted 1,186,603 1,168,436
earnings per share
Basic earnings per share $ 0.34 $ 0.48
Diluted earnings per share $ 0.34 $ 0.48