EX-11 3 exhibit11.htm EXHIBIT 11 Exhibit11FY03Q3

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,

     2003           2002
      2003           2002

   

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

$<153,753>

$249,591

$<1,672,503>

$192,022



 

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

$<153,753>

$249,591

$<1,672,503>

$192,022

 

 

 

 

SHARES OUTSTANDING
Weighted average shares for basic earnings per share

1,219,750

1,219,750

1,219,750

1,219,750

 

 

 

 

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

1,219,750

1,221,719

1,219,750

1,221,951

 

 

 

 

Basic Earnings Per Common Share

$     <.13>

$      .20

$    <1.37>

$     .16

 

 

 

 

Diluted Earnings Per Common Share

$     <.13>

$      .20

$    <1.37>

$     .16


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