CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

EXHIBIT 11—Computation of Earnings Per Share

(In thousands, except per share amounts)

	2005		2004		2003
BASIC:
Net Income	$	122,906	$	88,808	$	80,961
Weighted average shares outstanding		63,857		61,868		60,341
Basic earnings per share	$	1.92	$	1.44	$	1.34
DILUTED:
Net Income	$	122,906	$	88,808	$	80,961
After-tax interest cost of convertible debt		3,673		3,679		1,360
Net Income plus assumed debt conversion	$	126,579	$	92,487	$	82,321
Weighted average shares outstanding		63,857		61,868		60,341
Dilutive effect of convertible debt		3,226		3,226		1,209
Incremental shares under stock option plans		2,206		2,972		2,958
Adjusted weighted average shares outstanding		69,289		68,066		64,508
Diluted earnings per share	$	1.83	$	1.36	$	1.28