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<PAGE> 1
EXHIBIT 11
GLASSMASTER COMPANY
COMPUTATION OF EARNINGS PER SHARE
For the two years ended August 31, 2000
(Thousands except for per share figures)
2000 1999
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Primary:
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Income (Loss) from Continuing Operations ($636) ($996)
Income (Loss) from Discontinued Operations 0 0
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Net Income(Loss) ($636) ($996)
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Basic:
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Average Shares Outstanding 1,631 1,629
Per Share Amounts:
Continuing Operations ($.39) ($.61)
Discontinued Operations 0 0
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Net Income (Loss) ($.39) ($.61)
Diluted:
Average Shares Outstanding 1,631 1,629
Net effect of dilutive stock options under the
treasury stock method using the average market price 0 0
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Total 1,631 1,629
Per Share Amounts:
Continuing Operations ($.39) ($.61)
Discontinued Operations 0 0
------ ------
Net Income (Loss) ($.39) ($.61)
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