EX-11 11 dex11.htm COMPUTATION OF BASIC EARNINGS PER SHARE AND COMPUTATION OF DILUTED EARNINGS PER Computation of basic earnings per share and Computation of diluted earnings per

EXHIBIT NO. 11(a)

 

ARMSTRONG HOLDINGS, INC. AND SUBSIDIARIES

 

COMPUTATION FOR BASIC EARNINGS (LOSS) PER SHARE

FOR THE YEARS ENDED DECEMBER 31

(AMOUNTS IN MILLIONS EXCEPT FOR PER-SHARE DATA)

 

     2003
     2002
     2001

Basic earnings (loss) per share

                       

Net earnings (loss)

    $ (39.3 )   $ (2,142.8 )   $ 92.8

Average number of common shares outstanding

      40.5       40.5       40.5

Basic earnings (loss) per share

    $ (0.97 )   $ (52.91 )   $ 2.29

 

EXHIBIT NO. 11(b)

 

COMPUTATION FOR DILUTED EARNINGS (LOSS) PER SHARE

FOR THE YEARS ENDED DECEMBER 31

(AMOUNTS IN MILLIONS EXCEPT FOR PER-SHARE DATA)

 

     2003
     2002
     2001

Diluted earnings (loss) per share

                       

Net earnings (loss)

    $ (39.3 )   $ (2,142.8 )   $ 92.8

Average number of common shares outstanding

      40.5       40.5       40.5

Average number of common shares issuable under stock options or restricted stock grants

      0.2       0.2       0.3
    
 
 

Average number of common and common stock equivalents outstanding

      40.7       40.7       40.8

Diluted earnings (loss) per share

    $ (0.97 )   $ (52.91 )   $ 2.27