EX-11 3 tenq_3q2003ex11.txt EXHIBIT 11 EXHIBIT 11 SPARTECH CORPORATION AND SUBSIDIARIES STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share data) QUARTER ENDED NINE MONTHS ENDED Aug. 2, Aug. 3, Aug. 2, Aug. 3, 2003 2002 2003 2002 -------- ------- ------- ------- NET EARNINGS Basic net earnings $ 8,147 $ 11,486 $ 24,846 $ 25,422 Add: Distributions on Preferred Securities, net of tax - 1,614 - - -------- ------- ------- ------- Diluted net earnings $ 8,147 $ 13,100 $ 24,846 $ 25,422 ======== ======== ======= ======= WEIGHTED AVERAGE SHARES OUTSTANDING Basic weighted average common shares outstanding 29,267 28,724 29,250 27,447 Add: Shares issuable from assumed conversion of Preferred Stock - 4,578 - - Add: Shares issuable from assumed exercise of options 355 588 280 537 -------- ------- ------- ------- Diluted weighted average shares outstanding 29,622 33,890 29,530 27,984 ======== ======== ======= ======= NET EARNINGS PER SHARE Basic $ .28 $ .40 $ .85 $ .93 ======== ======== ======= ======= Diluted $ .28 $ .39 $ .84 $ .91 ======== ======== ======= =======