EX-11 2 dex11.htm COMPUTATION OF PER SHARE EARNINGS Computation of Per Share Earnings

EXHIBIT 11

 

NU HORIZONS ELECTRONICS CORP.

Computation of Per Share Earnings

 

     For The Year Ended
     February 29,
2004
     February 28,
2003
     February 28,
2002

BASIC EARNINGS:

                       

Net (loss) income

    $ (847,999 )   $ (2,511,638 )   $ 2,219,676
    
 
 

SHARES

                       

Weighted average number of common shares outstanding

      16,729,163       16,663,817       16,574,911
    
 
 

Basic earnings per common share

    $ (.05 )   $ (.15 )   $ .13
    
 
 

DILUTED EARNINGS:

                       

Net (loss) income as adjusted

    $ (847,999 )   $ (2,511,638 )   $ 2,219,676
    
 
 

SHARES:

                       

Weighted average number of common shares outstanding

      16,729,163       16,663,817       16,574,911

Assumed conversion of stock options

      —         —         855,421
    
 
 

Weighted average number of common shares outstanding as adjusted

      16,729,163       16,663,817       17,430,332
    
 
 

DILUTED EARNINGS PER COMMON SHARE

    $ (.05 )   $ (.15 )   $ .13