CARAUSTAR INDUSTRIES INC
10-Q, EX-11.01, 2000-11-14
PAPERBOARD MILLS
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FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 EXHIBIT 11.01

CARAUSTAR INDUSTRIES, INC.

COMPUTATION OF EARNINGS PER SHARE

(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)

COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE

                                   
Three Months Ended Nine Months Ended
September 30, September 30,


2000 1999 2000 1999




Earnings:
                               
 
Net (loss) income available to common stock
  $ (2,561 )   $ 10,055     $ 9,048     $ 31,786  
     
     
     
     
 
Shares:
                               
 
Weighted average common shares outstanding
    25,932       25,100       25,780       24,942  
 
Dilutive effect of stock options
    0       112       11       127  
     
     
     
     
 
 
Average diluted shares outstanding and equivalents
    25,932       25,212       25,791       25,069  
Basic earnings per common share:
                               
 
Net (loss) income
  $ (0.10 )   $ 0.40     $ 0.35     $ 1.27  
     
     
     
     
 
Diluted earnings per common share:
                               
 
Net (loss) income
  $ (0.10 )   $ 0.40     $ 0.35     $ 1.27  
     
     
     
     
 

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