EX-11 3 ex11.htm EXHIBIT 11 Hickok FY2005-Qtr2 Exhibit 11

  FORM 10-QSB

EXHIBIT 11

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



Three Months Ended
March 31, 

Six Months Ended
March 31,



2005

2004

2005

2004



 



NET INCOME


 

 

 

Net Income <loss> applicable to common shares for basic earnings per share

$<255,610>

$451,378

$<739,368>

$623,388


 

 

 

 

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

$<255,610>

$451,378

$<739,368>

$623,388


 

 

 

 

SHARES OUTSTANDING

 

 

 

 

Weighted average shares for basic earnings per share

1,211,246

1,219,750

1,212,169

1,219,750


 

 

 

 

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

       -*

   35,492

       -*

   35,492


 

 

 

 

Total shares for diluted earnings per share

1,211,246

1,255,242

1,212,169

1,255,242


 

 

 

 

Basic Earnings Per Common Share 

$  <.21>

$    .37

$  <.61>

$    .51


 

 

 

 

Diluted Earnings Per Common Share 

$  <.21>

$    .36

$  <.61>

$    .50

 

 

 

 

 

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