EX-11 2 exhibit11.htm HICKOK INC FY02 QTR03 EXHIBIT 11 Exhibit11FY01Q3

FORM 10-Q

EXHIBIT 11

HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS


 
   
 
 

 

Three Months Ended 

Nine Months Ended 

June 30, 

June 30, 

    2002         2001

2002         2001


 
 

NET INCOME
Net income <loss> applicable to common shares for basic earnings per share

$ 249,591

$ <137,645>

$ 192,022

$ <835,335>

 

Net income <loss> applicable to common shares for diluted earnings per share

$ 249,591

$ <137,645>

$ 192,022

$ <835,335>

 

 

 

 

SHARES OUTSTANDING
Weighted average shares for basic earnings per share

1,219,750

1,218,233

1,219,750

1,217,911

 

 

 

 

Net effect of dilutive stock options - based on the treasury  stock method using year-end market price, if higher than average market price 

1,969

        - *

2,201

        - *

 

 

 

 

Total shares for diluted earnings per share

1,221,719

1,218,233

1,221,951

1,217,911

 

 

 

 

Basic Earnings Per Common Share

$       .20

$      <.11>

$       .16

$     <.69>

 

 

 

 

Diluted Earnings Per Common Share

$       .20

$      <.11>

$       .16

$     <.69>


 *  Net effect of stock options was antidilutive for the period.