Exhibit 11
THE CHROMALINE CORPORATION
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Unaudited)
| Six Months Ended | |||||||
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| June 30, 2001 | June 30, 2000 | ||||||
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| Net earnings applicable to common shareholders for basic and diluted earnings per share | $ | 59,212 | $ | 298,385 | |||
| Weighted average shares outstanding for basic earnings per share | 1,271,627 | 1,298,056 | |||||
| Dilutive effect of stock options computed using the reasury stock method and the average market price | 3,123 | 6,915 | |||||
| Weighted average shares outstanding for diluted earnings per share | 1,274,750 | 1,304,971 | |||||
| Basic earnings per share | $ | 0.05 | $ | 0.23 | |||
| Diluted earnings per share | $ | 0.05 | $ | 0.23 | |||