EX-11 3 0003.txt EXHIBIT 11 INTERNATIONAL ASSETS HOLDING CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE For the Twelve Months Ended September 30, 2000 and 1999
2000 1999 ---- ---- Basic Earnings Per Share Numerator: Net income $ 279,143 $ 397,181 Denominator: Weighted average number of common shares outstanding 2,123,064 1,835,696 Basic earnings per share $ 0.13 $ 0.22 Diluted Earnings Per Share Numerator: Net income $ 279,143 $ 397,181 Denominator: Weighted average number of common shares outstanding 2,123,064 1,835,696 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) 247,910 384,339 Weighted average number of common shares and dilutive potential common shares outstanding 2,370,974 2,220,035 Diluted earnings per share $ 0.12 $ 0.18
-------------------------------------------------------------------------------- (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. 1