EX-11 3 mtrn-ex11_201551q110qr.htm EXHIBIT 11 MTRN-EX11_2015.5.1 Q1 10QR

Exhibit 11

MATERION CORPORATION AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS

 
 
First Quarter Ended
 
 
Apr. 3,
 
Mar. 28,
(Thousands, except per share amounts)
 
2015
 
2014
Basic:
 
 
 
 
Average shares outstanding
 
20,144

 
20,604

Net Income
 
$
9,629

 
$
7,331

Per share amount
 
$
0.48

 
$
0.36

 
 
 
 
 
Diluted:
 
 
 
 
Average shares outstanding
 
20,144

 
20,604

Dilutive stock securities based on the treasury stock method using average market price
 
303

 
358

      Totals
 
20,447

 
20,962

Net Income
 
$
9,629

 
$
7,331

Per share amount
 
$
0.47

 
$
0.35


Stock appreciation rights with exercise prices in excess of the average market price of common shares totaling 486,000 for the quarter ended April 3, 2015 and 329,000 for the quarter ended March 28, 2014 were excluded from the dilution calculation as their effect would have been anti-dilutive.