EX-11 2 l86234aex11.txt EXHIBIT 11 1 FORM 10-Q EXHIBIT 11 HICKOK INCORPORATED STATEMENT RE: COMPUTATION OF PER COMMON SHARE EARNINGS Three Months Ended December 31, ----------------------------- 2000 1999 ---------- ---------- PRIMARY Average shares outstanding 1,217,750 1,199,750 Net effect of dilutive stock options - based on the treasury stock method using average market price - ** 13,858 ---------- ---------- Total Shares 1,217,750 1,213,608 ---------- ---------- Net Income (Loss) $ (344,563) $ 226,391 ========== ========== Per Share $ (.28) $ .19 ========== ========== FULLY DILUTED Average shares outstanding 1,217,750 1,199,750 Net effect of dilutive stock options - based on the treasury stock method using period-end market price, if higher than average market price - ** 13,858* ---------- ---------- Total Shares 1,217,750 1,213,608 ---------- ---------- Net Income (Loss) $ (344,563) $ 226,391 ========== ========== Per Share $ (.28) $ .19 ========== ========== * Period-end market price is less than average market price, use same as primary shares. ** Net effect of stock options was antidilutive for the period. (17)