EX-11 2 exh11eps.htm COMPUTATION OF EARNINGS PER SHARE exh11eps.htm
 
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
 
EXHIBIT 11 - Computation of Earnings Per Share
(In thousands except per share amounts)


   
Three Months Ended
   
Six Months Ended
 
   
June 27, 2008
   
June 29, 2007
   
June 27, 2008
   
June 29, 2007
 
BASIC:
                       
      Net Income
  $ 45,765     $ 40,533     $ 101,956     $ 85,632  
Weighted average shares outstanding
    66,574       65,804       66,459       65,687  
Basic earnings per share
  $ 0.69     $ 0.62     $ 1.53     $ 1.30  
DILUTED:
                               
       Net Income
  $ 45,765     $ 40,533     $ 101,956     $ 85,632  
       After-tax interest cost of convertible debt
    918       922       1,836       1,844  
       Net Income plus assumed debt conversion
  $ 46,683     $ 41,455     $ 103,792     $ 87,476  
Weighted average shares outstanding
    66,574       65,804       66,459       65,687  
       Dilutive effect of convertible debt
    3,234       3,229       3,234       3,228  
       Incremental shares under stock option plans
    1,259       1,289       1,251       1,264  
Adjusted weighted average shares outstanding
    71,067       70,322       70,944       70,179  
Diluted earnings per share
  $ 0.66     $ 0.59     $ 1.46     $ 1.25