EX-11 3 mtrn-ex11_2014328xq1.htm EXHIBIT 11 MTRN-EX11_2014.3.28-Q1

Exhibit 11

MATERION CORPORATION AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS

 
 
First Quarter Ended
 
 
Mar. 28,
 
Mar. 29,
(Thousands, except per share amounts)
 
2014
 
2013
Basic:
 
 
 
 
Average shares outstanding
 
20,604

 
20,481

Net Income
 
$
7,331

 
$
6,785

Per share amount
 
$
0.36

 
$
0.33

 
 
 
 
 
Diluted:
 
 
 
 
Average shares outstanding
 
20,604

 
20,481

Dilutive stock securities based on the treasury stock method using average market price
 
358

 
343

      Totals
 
20,962

 
20,824

Net Income
 
$
7,331

 
$
6,785

Per share amount
 
$
0.35

 
$
0.33


Stock appreciation rights with exercise prices in excess of the average market price of common shares totaling 510,000 as of March 28, 2014 and 416,000 as of March 29, 2013 were excluded from the diluted calculations as their effect would have been anti-dilutive.