EX-11.1 2 ex11-1.txt EXHIBIT 11.1 ESPEY MFG. & ELECTRONICS CORP. Computation of per Share Net Income as Disclosed in Item 14 of Form 10-K Five years ended June 30, 2005
2005 2004 2003 2002 2000 ---------- ---------- ---------- ---------- ---------- Computation of net income per share: BASIC Weighted average number of primary shares outstanding 1,010,617 1,013,663 1,025,200 1,030,556 1,031,403 ========== ========== ========== ========== ========== Net income ................ $ 978,920 $ 960,826 $ 964,700 $ 545,754 $1,033,069 ========== ========== ========== ========== ========== Per share-basic ........... $ .97 $ .95 $ .94 $ .53 $ 1.00 ========== ========== ========== ========== ========== DILUTED Weighted average number of primary shares outstanding 1,021,604 1,022,344 1,027,686 1,034,904 1,033,989 ========== ========== ========== ========== ========== Net effect of dilutive stock options based on treasury stock method ........... 10,987 8,681 2,486 4,348 2,586 ========== ========== ========== ========== ========== Net income ................ $ 978,920 $ 960,826 $ 964,700 $ 545,754 $1,033,069 ========== ========== ========== ========== ========== Per share-diluted ......... $ .96 $ .94 $ .94 $ .53 $ 1.00 ========== ========== ========== ========== ==========
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