EXHIBIT 11
SPARTECH CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
QUARTER ENDED SIX MONTHS ENDED
April 29, May 1, April 29, May 1,
2000 1999 2000 1999
NET EARNINGS
Basic net earnings $ 13,781 $ 11,105 $ 24,948 $ 20,262
Add: Distributions on
Preferred Securities,
net of tax 1,329 305 1,817 305
Diluted net earnings 15,110 11,410 26,765 20,567
WEIGHTED AVERAGE SHARES
OUTSTANDING
Basic weighted average common
shares outstanding 27,350 26,895 27,324 26,895
Add: Shares issuable from
assumed conversion of
Preferred Stock 3,964 1,025 2,784 513
Add: Shares issuable from
assumed exercise of options 1,000 1,853 1,049 1,852
Diluted weighted average
shares outstanding 32,314 29,773 31,157 29,260
NET EARNINGS PER SHARE
Basic $ .50 $ .41 $ .91 $ .75
Diluted $ .47 $ .38 $ .86 $ .70