EX-11 2 l85437aex11.txt EXHIBIT 11 1 HICKOK INCORPORATED EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended September 30 --------------------------------------------------- 2000 1999 1998 ---------- ---------- ---------- PRIMARY ------- Average shares outstanding 1,204,276 1,199,416 1,196,602 Net effect of dilutive stock options- based on the treasury stock method using average market price -- ** -- ** 18,073 ---------- ---------- ---------- Total Shares 1,204,276 1,199,416 1,214,675 ========== ========== ========== Net Income (Loss) $ (410,604) $ (268,171) $1,034,400 ========== ========== ========== Net Income (Loss) per Share $ (.34) $ (.22) $ .85 ========== ========== ========== FULLY DILUTED ------------- Average shares outstanding 1,204,276 1,199,416 1,196,602 Net effect of dilutive stock options- based on the treasury stock method using year-end market price if higher than average market price -- ** -- ** 18,073* ---------- ---------- ---------- Total Shares 1,204,276 1,199,416 1,214,675 ========== ========== ========== Net Income (Loss) $ (410,604) $ (268,171) $1,034,400 ========== ========== ========== Net Income (Loss) Per Share $ (.34) $ (.22) $ .85 ========== ========== ==========
* Year-end market price is less than average market price, use same as primary shares. ** Net effect of stock options was antidilutive for the period.