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Exhibit 11
POLYMER GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(In Thousands, Except Per Share Data)
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<CAPTION>
Three Months Ended Nine Months Ended
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September 30, October 2, September 30, October 2,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic:
Net income (loss).......... $(5,646) $8,203 $(2,089) $22,680
Average common shares
outstanding............... 32,004 32,000 32,004 32,000
Net income (loss) per
common share--basic....... $ (0.18) $ 0.26 $ (0.07) $ 0.71
Diluted:
Net income (loss).......... $(5,646) $8,203 $(2,089) $22,680
Average common shares
outstanding............... 32,004 32,030 32,052 32,006
Net income (loss) per
common share--diluted..... $ (0.18) $ 0.26 $ (0.07) $ 0.71
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