EXHIBIT 11

<TABLE>
                       Congoleum Corporation
              Computation of Income Per Common Share
           (Amounts in thousands, except per share data)
                            (Unaudited)

<CAPTION>
                                     Three Months Ended    Nine Months Ended
                                        September 30,         September 30,
                                      1996       1995        1996      1995
                                    --------  --------    --------   --------
<S>                                <C>       <C>         <C>        <C>      
Primary Earnings Per Common Share                                             
---------------------------------                                            
Income per common and common                                                  
 equivalent share                   $  4,392  $  1,745    $  8,198   $  8,085
                                    ========  ========    ========   ========
                                                                            
Weighted average common shares                                             
 outstanding                           9,995    10,000       9,998     10,000
                                                                             
Effect of assumed exercise of                                                
 dilutive stock options  <F1>              2        --           1         30
                                    --------  --------    --------   --------
Weighted average common and common                               
 equivalent shares                     9,997    10,000       9,999     10,030
                                    ========  ========    ========   ========
                                                                 
Income per common and common       
 equivalent share                   $   0.44  $   0.17    $   0.82   $   0.81
                                    ========  ========    ========   ========

Fully Diluted Earnings Per Common Share:
---------------------------------------               
Income per common and common       
 equivalent share                   $  4,392  $  1,745    $  8,198   $  8,085
                                    ========  ========    ========   ========
                                                                             
Weighted average common shares                                              
 outstanding                           9,995    10,000       9,998     10,000 
                                                                             
Effect of assumed exercise of                                                
 dilutive stock options  <F1>              4        --           1         37
                                    --------  --------    --------   --------
                                                                            
Weighted average common and common                                           
 equivalent shares                     9,999    10,000       9,999     10,037
                                    ========  ========    ========   ========
                             
Income per common and common       
 equivalent share                   $   0.44  $   0.17    $   0.82   $   0.81
                                    ========  ========    ========   ========
<FN>                                         
<F1>  Computed based on the treasury stock method
</FN>
</TABLE>
                                 13 
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