EX-11 2 dex11.htm COMPUTATION OF EARNINGS PER SHARE Computation of earnings per share

Exhibit 11

 

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

     July 1, 2005

   July 2, 2004

   July 1, 2005

   July 2, 2004

BASIC:

                           

Net Income

   $ 34,380    $ 19,573    $ 72,081    $ 49,479

Weighted average shares outstanding

     63,671      61,596      63,496      61,460

Basic earnings per share

   $ 0.54    $ 0.32    $ 1.14    $ 0.81

DILUTED:

                           

Net Income

   $ 34,380    $ 19,573    $ 72,081    $ 49,479

After-tax interest cost of convertible debt

     918      920      1,837      1,844
    

  

  

  

Net Income plus assumed debt conversion

   $ 35,298    $ 20,493    $ 73,918    $ 51,323

Weighted average shares outstanding

     63,671      61,596      63,496      61,460

Dilutive effect of convertible debt

     3,226      3,226      3,226      3,226

Incremental shares under stock option plans

     2,325      3,252      2,390      3,213
    

  

  

  

Adjusted weighted average shares outstanding

     69,222      68,074      69,112      67,899
    

  

  

  

Diluted earnings per share

   $ 0.51    $ 0.30    $ 1.07    $ 0.76