EX-11 2 exh11q.txt KAMAN CORPORATION AND SUBSIDIARIES EXHIBIT 11 - EARNINGS PER SHARE COMPUTATION (IN THOUSANDS EXCEPT PER SHARE AMOUNT) For the Three Months Ended March 31, -------------------- 2001 2000 ---- ---- Basic: Net earnings $ 8,741 $ 8,556 ======== ======== Weighted average number of shares outstanding $ 22,309 $ 23,126 ======== ======== Net earnings per share - basic $ .39 $ .37 ======== ======== Diluted: Net earnings $ 8,741 $ 8,556 Elimination of interest expense on 6% subordinated convertible debentures (net after taxes) 255 267 -------- -------- Net earnings (as adjusted) $ 8,996 $ 8,823 ======== ======== Weighted average number of shares outstanding 22,309 23,126 Weighted average shares issuable on conversion of 6% subordinated convertible debentures 1,123 1,194 Weighted average shares issuable on exercise of diluted stock options 246 36 -------- -------- Total 23,678 24,356 ======== ======== Net earnings per share - diluted $ .38 $ .36 ======== ========