EX-11 2 c85245exv11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS . . . A.S.V., INC. AND SUBSIDIARY EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31,
2004 2003 ------------------ ------------------ BASIC Earnings Net earnings $ 3,595,033 $ 767,583 ================== ================== Shares Weighted average number of common shares outstanding 12,464,518 10,063,901 ================== ================== Earnings per common share $ .29 $ .08 ================== ================== DILUTED Earnings Net earnings $ 3,595,033 $ 767,583 ================== ================== Shares Weighted average number of common shares outstanding 12,464,518 10,063,901 Assuming exercise of options and warrants reduced by the number of shares which could have been purchased with the proceeds from the exercise of such options and warrants 1,242,088 49,733 ------------------ ------------------ Weighted average number of common and common equivalent shares outstanding 13,706,606 10,113,634 ================== ================== Earnings per common share $ .26 $ .08 ================== ==================
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