EX-11 5 0005.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 A.S.V., Inc. Exhibit 11 - Computation of per Share Earnings
Three Months Ended Nine Months Ended September 30, September 30, ------------- ------------- 2000 1999 2000 1999 ---- ---- ---- ---- Basic Earnings Net earnings $ 220,156 $ 20,898 $ 1,236,225 $ 1,358,540 =========== =========== =========== =========== Shares Weighted average number of common shares outstanding 9,701,541 9,681,249 9,696,413 9,552,556 =========== =========== =========== =========== Basic earnings per common share $ .02 $ .00 $ .13 $ .14 =========== =========== =========== =========== Diluted Earnings Net earnings $ 220,156 $ 20,898 $ 1,236,225 $ 1,358,540 =========== =========== =========== =========== Shares Weighted average number of common shares outstanding 9,701,541 9,681,249 9,696,413 9,552,556 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 193,346 387,848 212,185 390,993 ----------- ----------- ----------- ----------- Weighted average number of common and common equivalent shares outstanding 9,894,887 10,069,097 9,908,598 9,943,549 =========== =========== =========== =========== Diluted earnings per common share $ .02 $ .00 $ .12 $ .14 =========== =========== =========== ===========