Exhibit 11
BRUSH WELLMAN INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
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Third Quarter Ended |
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Nine Months Ended |
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October 1, |
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October 2, |
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October 1, |
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October 2, |
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1999 |
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1998 |
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1999 |
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1998 |
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Basic: |
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Average shares outstanding |
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16,200,229 |
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16,197,162 |
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16,197,158 |
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16,295,836 |
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Net income |
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$ |
(552,000 |
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$ |
98,000 |
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$ |
5,168,000 |
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$ |
(6,824,000 |
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Per share amount |
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$ |
(0.03 |
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$ |
0.01 |
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$ |
0.32 |
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$ |
(0.42 |
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Diluted: |
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Average shares outstanding |
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16,200,229 |
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16,197,162 |
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16,197,158 |
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16,295,836 |
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Dilutive stock options based on the treasury stock method using
average market price |
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— |
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74,964 |
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64,720 |
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— |
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Totals |
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16,200,229 |
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16,272,126 |
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16,261,878 |
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16,295,836 |
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Net income |
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$ |
(552,000 |
) |
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$ |
98,000 |
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$ |
5,168,000 |
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$ |
(6,824,000 |
) |
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Per share amount |
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$ |
(0.03 |
) |
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$ |
0.01 |
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$ |
0.32 |
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$ |
(0.42 |
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15
