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Exhibit 11

COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)

		Three Months Ended September 30,						Nine Months Ended September 30,
		2001			2000			2001			2000
Common stock outstanding at beginning of period			7,676,042			7,738,372			7,641,769			7,701,571
	Exercise of options		—			1,667			34,273			38,468
	Repurchase of common stock		(41,000	)		(375,658	)		(41,000	)		(375,658	)
Common stock outstanding at end of period			7,635,042			7,364,381			7,635,042			7,364,381
Weighted average shares outstanding,
	for computation of basic earnings per share		7,661,335			7,579,377			7,670,411			7,662,427
Dilutive effect of stock options after application of
	treasury stock method		48			148,898			10,382			185,170
Total diluted weighted average shares outstanding,
	for computation of diluted earnings per share		7,661,383			7,728,275			7,680,793			7,847,597
Net income		$	1,188,000		$	1,596,000		$	199,000		$	8,680,000
Net income per share data:
Net income per share—basic		$	0.16		$	0.21		$	0.03		$	1.13
Net income per share—diluted		$	0.16		$	0.21		$	0.03		$	1.11

11

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Exhibit 11
COASTCAST CORPORATION COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)