EX-11 2 exhibit11.htm EXHIBIT 11 Exhibit11FY11Q1

FORM 10-Q

EXHIBIT 11


 

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



 
 
 
  

Three Months Ended 


December 31, 


2010

2009



 

NET INCOME
Net income (loss) applicable to common
shares for basic earnings per share

$<317,982>

$64,709




Net income (loss) applicable to common
shares for diluted earnings per share

$<317,982>

$64,709




SHARES OUTSTANDING
Weighted average shares for basic earnings per share

1,248,095

1,248,095




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

              *

 16,635




Total shares for diluted earnings per share

1,248,095

1,264,730




Basic Earnings Per Common Share

$<.25>

$.05




Diluted Earnings Per Common Share

$<.25>

$.05



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