EX-11 2 ex11.txt EXHIBIT 11 1 FORM 10-Q EXHIBIT 11
HICKOK INCORPORATED STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Three Months Ended Nine Months Ended June 30, June 30, ----------------------------- ----------------------------- 2000 1999 2000 1999 ---------- ----------- ----------- ----------- PRIMARY ------- Average shares outstanding 1,200,564 1,199,750 1,201,235 1,199,303 Net effect of dilutive stock options - based on the treasury stock method using average market price - * 12,755 - * - * ----------- ---------- ----------- ----------- Total Shares 1,200,564 1,212,505 1,201,235 1,199,303 ----------- ---------- ----------- ----------- Net Income (Loss) $ (444,857) $ 15,196 $ (392,913) $ (457,686) =========== ========== =========== =========== Per Share $ (.37) $ .01 $ (.33) $ (.38) =========== ========== =========== =========== FULLY DILUTED ------------- Average shares outstanding 1,200,564 1,199,750 1,201,235 1,199,303 Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price - * 13,995 - * - * ----------- ---------- ----------- ----------- Total Shares 1,200,564 1,213,745 1,201,235 1,199,303 ----------- ---------- ----------- ----------- Net Income (Loss) $ (444,857) $ 15,196 $ (392,913) $ (457,686) =========== ========== =========== =========== Per Share $ (.37) $ .01 $ (.33) $ (.38) =========== ========== =========== ===========
* Net effect of stock options was antidilutive for the period. (18)