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<PAGE>
Exhibit 11
COASTCAST CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
--------------------------------- -------------------------------
2000 1999 2000 1999
-------------- --------------- ------------- --------------
<S> <C> <C> <C> <C>
Common stock outstanding at beginning of period 7,701,571 7,933,204 7,701,571 7,989,404
Exercise of options 36,801 - 36,801 -
Repurchase of common stock - (62,700) - (118,900)
-------------- --------------- ------------- --------------
Common stock outstanding at end of period 7,738,372 7,870,504 7,738,372 7,870,504
============== =============== ============= ==============
Weighted average shares outstanding,
for computation of basic earnings per share 7,707,245 7,893,338 7,704,408 7,932,912
Dilutive effect of stock options after application of
treasury stock method 262,346 28,053 203,307 16,587
-------------- --------------- ------------- --------------
Total diluted weighted average shares outstanding,
For computation of diluted earnings per share 7,969,591 7,921,391 7,907,715 7,949,499
============== =============== ============= ==============
Net income 4,132,000 3,362,000 7,084,000 5,668,000
============== =============== ============= ==============
Net income per common share - basic $.54 $.43 $ .92 $ .71
============== =============== ============= ==============
Net income per share and common
equivalent per share - diluted $.52 $.42 $ .90 $ .71
============== =============== ============= ==============
</TABLE>
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