EX-11 3 exh11eps.htm EXHIBIT 11 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
   
Nine Months Ended
 
   
September 26,
 2008
   
September 28,
2007
   
September 26,
 2008
   
September 28,
2007
 
BASIC:
                       
      Net Income
  $ 48,989     $ 51,716     $ 150,945     $ 137,348  
Weighted average shares outstanding
    68,400       65,913       67,106       65,762  
Basic earnings per share
  $ 0.72     $ 0.78     $ 2.25     $ 2.09  
DILUTED:
                               
       Net Income
  $ 48,989     $ 51,716     $ 150,945     $ 137,348  
       After-tax interest cost of convertible debt
    436       922       2,272       2,767  
       Net Income plus assumed debt conversion
  $ 49,425     $ 52,638     $ 153,217     $ 140,115  
Weighted average shares outstanding
    68,400       65,913       67,106       65,762  
       Dilutive effect of convertible debt
    1,597       3,234       2,680       3,230  
       Incremental shares under stock option plans
    1,274       1,194       1,259       1,233  
Adjusted weighted average shares outstanding
    71,271       70,341       71,045       70,225  
Diluted earnings per share
  $ 0.69     $ 0.75     $ 2.16     $ 2.00