EXHIBIT 11

BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE QUARTERS ENDED APRIL 1, 2006 AND APRIL 2, 2005

(Unaudited)

	2006	2005
BASIC EARNINGS PER COMMON SHARE:
Net income	$ 1,012,000	$ 1,002,000
Average common shares outstanding	7,191,000	7,399,000
Basic Earnings Per Common Share	$          0.14	$          0.14
DILUTED EARNINGS PER COMMON SHARE:
Net income	$  1,012,000	$  1,002,000
Average common shares outstanding	7,191,000	7,399,000
Dilutive effect of restricted stock	85,000	72,000
Common shares issuable in respect to options issued      to employees with a dilutive effect	118,000	204,000
Total diluted common shares outstanding	7,394,000	7,675,000
Diluted Earnings Per Common Share	$           0.14	$           0.13

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