EX-11 3 l87945aex11.txt EXHIBIT 11 1 FORM 10-Q EXHIBIT 11 HICKOK INCORPORATED CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended Six Months Ended March 31, March 31, --------------------------- ------------------------- 2001 2000 2001 2000 -------- --------- --------- ------ NET INCOME ---------- Net income (loss) applicable to common shares for basic earnings per share $(353,127) $(174,447) $(697,690) $ 51,944 ========= ========= ========= ========= Net income (loss) applicable to common shares for diluted earnings per share $(353,127) $(174,447) $(697,690) $ 51,944 ========= ========= ========= ========= SHARES OUTSTANDING ------------------ Weighted average shares for basic earnings per share 1,217,750 1,199,750 1,217,750 1,199,750 Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price - * - * - * 6,929 --------- --------- --------- --------- Total shares for diluted earnings per share 1,217,750 1,199,750 1,217,750 1,206,679 --------- --------- --------- --------- Basic Earnings Per Common Share $ (.29) $ (0.15) $ (.57) $ 0.04 ========= ========= ========= ========= Diluted Earnings Per Common Share $ (.29) $ (0.15) $ (.57) $ 0.04 ========= ========= ========= =========
*Net effect of stock options was antidilutive for the period.