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
     June 30, 2006    July 1, 2005    June 30, 2006    July 1, 2005

BASIC:

           

Net Income

   $ 36,406    $ 34,380    $ 76,353    $ 72,081

Weighted average shares outstanding

     64,702      63,671      64,590      63,496

Basic earnings per share

   $ 0.56    $ 0.54    $ 1.18    $ 1.14

DILUTED:

           

Net Income

   $ 36,406    $ 34,380    $ 76,353    $ 72,081

After-tax interest cost of convertible debt

     922      918      1,844      1,837
                           

Net Income plus assumed debt conversion

   $ 37,328    $ 35,298    $ 78,197    $ 73,918
                           

Weighted average shares outstanding

     64,702      63,671      64,590      63,496

Dilutive effect of convertible debt

     3,229      3,226      3,228      3,226

Incremental shares under stock option plans

     837      2,325      855      2,390
                           

Adjusted weighted average shares outstanding

     68,768      69,222      68,673      69,112
                           

Diluted earnings per share

   $ 0.54    $ 0.51    $ 1.14    $ 1.07

 

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