EX-11 3 dex11.htm COMPUTATION OF EARNINGS PER SHARE Computation of earnings per share

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 29, 2007    June 30, 2006    June29, 2007    June 30, 2006

BASIC:

           

Net Income

   $ 40,533    $ 36,406    $ 85,632    $ 76,353

Weighted average shares outstanding

     65,804      64,702      65,687      64,590

Basic earnings per share

   $ 0.62    $ 0.56    $ 1.30    $ 1.18

DILUTED:

           

Net Income

   $ 40,533    $ 36,406    $ 85,632    $ 76,353

After-tax interest cost of convertible debt

     922      922      1,844      1,844
                           

Net Income plus assumed debt conversion

   $ 41,455    $ 37,328    $ 87,476    $ 78,197
                           

Weighted average shares outstanding

     65,804      64,702      65,687      64,590

Dilutive effect of convertible debt

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

Incremental shares under stock option plans

     1,289      837      1,264      855

Adjusted weighted average shares outstanding

     70,322      68,768      70,179      68,673
                           

Diluted earnings per share

   $ 0.59    $ 0.54    $ 1.25    $ 1.14