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<PAGE>
COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
------------------------------------- ----------------------------------
2000 1999 2000 1999
---------------- ----------------- -------------- ---------------
<S> <C> <C> <C> <C>
Common stock outstanding at beginning of period 7,738,372 7,870,504 7,701,571 7,989,404
Exercise of options 1,667 4,667 38,468 4,667
Repurchase of common stock (375,658) - (375,658) (118,900)
---------------- ----------------- -------------- ---------------
Common stock outstanding at end of period 7,364,381 7,875,171 7,364,381 7,875,171
================ ================= ============== ===============
Weighted average shares outstanding,
for computation of basic earnings per share 7,579,377 7,872,939 7,662,427 7,912,701
Dilutive effect of stock options after application of
treasury stock method 148,898 37,282 185,170 23,485
---------------- ----------------- -------------- ---------------
Total diluted weighted average shares outstanding,
for computation of diluted earnings per share 7,728,275 7,910,221 7,847,597 7,936,186
================ ================= ============== ===============
---------------- ----------------- -------------- ---------------
Net income $1,596,000 $1,571,000 $8,680,000 $7,239,000
================ ================= ============== ===============
Net income per share data:
Net income per share - basic $0.21 $0.20 $1.13 $0.91
================ ================= ============== ===============
Net income per share - diluted $0.21 $0.20 $1.11 $0.91
================ ================= ============== ===============
</TABLE>
Exhibit 11
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