Exhibit 11
THE CHROMALINE CORPORATION
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Unaudited)
| Three Months Ended
|
||
| Mar 31, 2001
|
Mar 31, 2000
|
|
| Net
earnings applicable to common shareholders for basic and diluted earnings per share |
$88,402 | $50,635 |
| Weighted
average shares outstanding for basic earnings per share |
1,271,627 | 1,298,056 |
| Dilutive
effect of stock options computed using the treasury stock method and the average market price |
3,860 | 7,436 |
| Weighted
average shares outstanding for diluted earnings per share |
1,275,487 | 1,305,492 |
| Basic earnings per share | $0.07 | $0.04 |
| Diluted earnings per share | $0.07 | $0.04 |