EXHIBIT 11
SPARTECH CORPORATION AND SUBSIDIARIES
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(In thousands, except per share amounts)
Fiscal Year Ended
Oct 28, Oct 30, Oct 31,
2000 1999 1998
NET EARNINGS
Basic net earnings applicable to common shares $ 49,907 $ 43,071 $ 33,720
Add: Distributions on Preferred Securities, net
of tax 4,990 1,280 -
-------- -------- --------
Diluted net earnings $ 54,897 $ 44,351 $ 33,720
======== ======== ========
WEIGHTED AVERAGE SHARES OUTSTANDING
Weighted average common shares outstanding 27,322 27,038 26,807
Add: Shares issuable from assumed exercise of
Preferred Stock 3,681 1,075 -
Add: Shares issuable from assumed exercise of
options and warrants 871 1,869 1,802
-------- -------- --------
Diluted weighted average common shares
outstanding 31,874 29,982 28,609
======== ======== ========
NET EARNINGS PER COMMON SHARE
Basic $ 1.83 $ 1.59 $ 1.26
======== ======== =====+
Diluted $ 1.72 $ 1.48 $ 1.18
======== ======== ======
