EXHIBIT 11
                                  
                        Congoleum Corporation
               Computation of Income Per Common Share
          (Amounts in thousands, except earnings per share)

<TABLE>
<CAPTION>
                                      Three Months Ended    Six Months Ended
                                           June 30,              June 30,
                                       1997      1996         1997     1996
                                      ------    ------       ------   ------
<S>                                  <C>       <C>         <C>       <C>
Primary Earnings Per Common Share:                                          
-----------------------------------                                         
Income per common and common                                                
 equivalent share                     $  2,104  $  4,850    $  3,117  $  3,806
                                      ========  ========    ========  ========
                                                                              
Weighted average common shares                                                
 outstanding                             9,942    10,000       9,970    10,000
                                                                              
Effect of assumed exercise of                                                 
 dilutive stock options <F1>                 2        --          20        --
                                      --------  --------    --------  --------
Weighted average common and common                                       
 equivalent shares                       9,944    10,000       9,990    10,000
                                      ========  ========    ========  ========
Income per common and common                                                  
 equivalent share                     $   0.21  $   0.48    $   0.31  $   0.38
                                      ========  ========    ========  ========
                                                                              
Fully Diluted Earnings Per Common Share:                                      
----------------------------------------                                       
                                                                              
Income per common and common                                                  
 equivalent share                     $  2,104  $  4,850    $  3,117  $  3,806
                                      ========  ========    ========  ========
                                                                              
Weighted average common shares
 outstanding                             9,942    10,000       9,970    10,000

Effect of assumed exercise of                                                  
 dilutive stock options <F1>                 2        --          20        --
                                      --------  --------    --------  --------
Weighted average common and common                                            
 equivalent shares                       9,944    10,000       9,990    10,000 
                                      ========  ========    ========  ========
Income per common and common                                                   
 equivalent share                     $   0.21  $   0.48    $   0.31  $   0.38
                                      ========  ========    ========  ========


<F1>   Computed based on the treasury stock method.

                                14
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</TABLE>