EX-11.1 3 exhibit11-1.txt EXHIBIT 11.1 ESPEY MFG. & ELECTRONICS CORP. Computation of per Share Earnings as Disclosed in Item 14 of Form 10-K
Five years ended June 30, 2002 2003 2002 2001 2000 1999 ------- ------- ------- -------- ------- Computation of earnings per share: BASIC Weighted average number of primary shares outstanding ..... 1,025,200 1,030,556 1,031,403 1,045,520 1,100,065 ========== ========== ========== ========== ========== Net income....................... $ 964,700 $ 545,754 $1,033,069 $ 782,943 $ 730,601 ========== ========== ========== ========== ========== Per share-basic................. $ .94 $ .53 $ 1.00 $ .75 $ .66 ========== ========== ========== ========== ========== DILUTED Weighted average number of primary shares outstanding ..... 1,027,686 1,034,904 1,033,989 1,045,235 1,100,065 ========== ========== ========== ========== ========== Net effect of dilutive stock options based on treasury stock method.................. 2,486 4,348 2,586 285 -- ========== ========== ========== ========== ========== Net income....................... $ 964,700 $ 545,754 $1,033,069 $ 782,943 $ 730,601 ========== ========== ========== ========== ========== Per share-diluted................ $ .94 $ .53 $ 1.00 $ .75 $ .66 ========== ========== ========== ========== ==========