Carlisle Plastics Inc – ‘10-K’ for 12/31/95 – EX-11

As of:  Thursday, 5/30/96   ·   For:  12/31/95   ·   Accession #:  846902-96-5   ·   File #:  1-10756

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report on Form 10-K                            35    168K 
 2: EX-1        Exhibit 10.7                                           6     25K 
 3: EX-2        Exhibit 10.13(A)                                       2     11K 
 4: EX-3        Exhibit 10.13(B)                                       4     22K 
 5: EX-4        Exhibit 10.13(C)                                       5     20K 
 6: EX-5        Exhibit 10.13(D)                                       5     21K 
 7: EX-6        Exhibit 10.14(A)                                       2     11K 
 8: EX-7        Exhibit 10.14(B)                                       2     11K 
 9: EX-8        Exhibit 10.14(C)                                       5     23K 
10: EX-9        Exhibit 10.14(D)                                       5     24K 
11: EX-10       Exhibit 10.18                                          4     21K 
12: EX-11       Statement re: Computation of Earnings Per Share        2±     9K 
13: EX-12       Exhibit 21                                             1      6K 
14: EX-13       Exhibit 23                                             1      7K 
15: EX-14       Exhibit 27                                             1      8K 

EX-11   —   Statement re: Computation of Earnings Per Share

                                                                  EXHIBIT 11

                                                                [Download Table]

                       COMPUTATION OF PER SHARE EARNINGS                     
              (In thousands, except share and per share amounts)             


                                              Year Ended December 31,        
                                       ------------------------------------  
                                          1995         1994         1993     
                                       ----------   ----------   ----------  
                                                                             
INCOME:                                                                      
Income (loss) before provision for                                           
  income taxes, extraordinary item                                           
  and  cumulative effect of                                                  
  change in accounting principle       $  (38,739)  $    5,347   $    9,291  
Income tax provision (benefit)            (12,646)       2,348        3,459  
                                       ----------   ----------   ----------  
Income (loss) before extraordinary                                           
  item and cumulative effect of                                              
  change in accounting principle       $  (26,093)  $    2,999   $    5,832  
Extraordinary item                             --       (2,462)        (234) 
Cumulative effect of change in                                               
  accounting principle                         --           --        1,586  
                                       ----------   ----------   ----------  
Net income (loss)                      $  (26,093)  $      537   $    7,184  
                                       ==========   ==========   ==========  

SHARES:                                                                      
Weighted average number of common                                            
  shares outstanding                   17,731,041   17,691,971   17,616,901  
Common share equivalents                                                     
  from the assumed exercise                                                  
  of stock options (1)                         --        3,030      120,421  
                                       ----------   ----------   ----------  
                                       17,731,041   17,695,001   17,737,322  
                                       ==========   ==========   ==========  

EARNINGS PER SHARE:                                                          
Income (loss) before extraordinary                                           
  item and change in                                                         
  accounting principle                 $    (1.47)  $      .17   $      .33  
  accounting principle                                                       
Extraordinary item                             --         (.14)        (.01) 
Change in accounting principle                 --           --          .09  
                                       ----------   ----------   ----------  
Net income (loss)                      $    (1.47)  $      .03   $      .41  
                                       ==========   ==========   ==========  
<FN>                                                                         
---------------                                                              
(1)  Common share equivalents are computed by the "treasury stock" method.   
     Share amounts represent the dilutive effect of outstanding stock options
     which have an option price below the closing market price for the period
     presented.