EX-11 2 0002.txt EXHIBIT INTERNATIONAL ASSETS HOLDING CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE For the Nine Months Ended June 30, 2000 and 1999 2000 1999 Basic Earnings Per Share Numerator: Net income $ 478,728 $ 363,034 Denominator: Weighted average number of common shares outstanding 2,099,815 1,816,032 Basic earnings per share $ 0.23 0.20 Diluted Earnings Per Share Numerator: Net income $ 478,728 $ 363,034 Denominator: Weighted average number of common shares outstanding 2,099,815 1,816,032 Weighted average number of net common shares that would be issued upon exercise of dilutive options assuming proceeds used to repurchase shares pursuant to the treasury stock method (1) 279,367 321,449 Weighted average number of common shares and dilutive potential common shares outstanding 2,379,182 2,137,481 Diluted earnings per share $ 0.20 0.17 ------------------------------------------------------------------------------ (1) The treasury stock method recognizes the use of proceeds that could be obtained upon exercise of options in computing diluted earnings per share. It assumes exercise of options as of the beginning of the period or when issued, if later, and that any proceeds would be used to purchase common stock at the average market price during the period. INTERNATIONAL ASSETS HOLDING CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE For the Three Months Ended June 30, 2000 and 1999 2000 (1) 1999 (2) ------- ------- Basic (Loss) Earnings Per Share Numerator: Net (loss) income $ (141,305) $ 38,880 Denominator: Weighted average number of common shares outstanding 2,181,347 1,871,078 Basic (loss) earnings per share $ (0.06) $ 0.02 Diluted (Loss) Earnings Per Share Numerator: Net (loss) income $ (141,305) $ 38,880 Denominator: Weighted average number of common shares outstanding 2,181,347 1,871,078 Weighted average number of net common shares that would be issued upon exercise of dilutive options assuming proceeds used to repurchase shares pursuant to the treasury stock method (3) - 503,329 Weighted average number of common shares and dilutive potential common shares outstanding 2,181,347 2,374,407 Diluted (loss) earnings per share $ (0.06) $ 0.02 ------------------------------------------------------------------------------ (1) Diluted loss per share is the same as basic loss per share for 2000 because of the anti-dilutive impact of the dilutive potential common shares due to the net loss for 2000. (2) Diluted earnings per share is the same as basic earnings per share for 1999 because of the rounding impact at two decimal places. (3) The treasury stock method recognizes the use of proceeds that could be obtained upon exercise of options in computing diluted earnings per share. It assumes exercise of options as of the beginning of the period or when issued, if later, and that any proceeds would be used to purchase common stock at the average market price during the period.