EXHIBIT 11.1



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE QUARTERS ENDED JULY 1, 2006 AND JULY 2, 2005

(Unaudited)



|                                                                                             | 2006            | 2005           
|-------------------------------------------------------------------------------------------- | --------------- | ---------------
|BASIC EARNINGS PER COMMON SHARE:                                                             |                 |                
|                                                                                             |                 |                
|Net income                                                                                   | $ 1,349,000     | $ 1,509,000    
|Average common shares outstanding                                                            | 7,150,000       | 7,398,000      
|Basic Earnings Per Common Share                                                              | $          0.19 | $          0.20
|                                                                                             |                 |                
|DILUTED EARNINGS PER COMMON SHARE:                                                           |                 |                
|                                                                                             |                 |                
|Net income                                                                                   | $ 1,349,000     | $ 1,509,000    
|Average common shares outstanding                                                            | 7,150,000       | 7,398,000      
|Dilutive effect of restricted stock                                                          | 91,000          | 75,000         
|Common shares issuable in respect to options issued      to employees with a dilutive effect | 134,000         | 181,000        
|Total diluted common shares outstanding                                                      | 7,375,000       | 7,654,000      
|Diluted Earnings Per Common Share                                                            | $          0.18 | $          0.20
|                                                                                             |                 |                



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EXHIBIT 11.2



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE SIX MONTHS ENDED JULY 1, 2006 AND JULY 2, 2005

(Unaudited)





|                                                                                             | 2006             | 2005            
|-------------------------------------------------------------------------------------------- | ---------------- | ----------------
|BASIC EARNINGS PER COMMON SHARE:                                                             |                  |                 
|                                                                                             |                  |                 
|Net income                                                                                   | $  2,361,000     | $  2,511,000    
|Average common shares outstanding                                                            | 7,169,000        | 7,397,000       
|Basic Earnings Per Common Share                                                              | $           0.33 | $           0.34
|                                                                                             |                  |                 
|DILUTED EARNINGS PER COMMON SHARE:                                                           |                  |                 
|                                                                                             |                  |                 
|Net income                                                                                   | $  2,361,000     | $  2,511,000    
|Average common shares outstanding                                                            | 7,169,000        | 7,397,000       
|Dilutive effect of restricted stock                                                          | 90,000           | 75,000          
|Common shares issuable in respect to options issued      to employees with a dilutive effect | 127,000          | 194,000         
|Total diluted common shares outstanding                                                      | 7,386,000        | 7,666,000       
|Diluted Earnings Per Common Share                                                            | $           0.32 | $           0.33
|                                                                                             |                  |                 

















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