EX-11 3 0003.txt COMPUTATION OF EARNINGS PER SHARE A.S.V., Inc. and Subsidiary Exhibit 11 - Computation of Earnings per Share Years Ended December 31, 2000, 1999 and 1998
2000 1999 1998 ---- ---- ---- Basic Earnings Net earnings $1,450,909 $1,412,053 $3,366,055 ========== ========== ========== Shares Weighted average number of common shares outstanding 9,782,919 9,586,032 7,764,504 ========== ========== ========== Earnings per common share $ .15 $ .15 $ .43 ========== ========== ========== Diluted Earnings Net earnings $1,450,909 $1,412,053 $3,366,055 Add after tax interest expense applicable to 6.5% convertible debentures - - 233,188 ---------- ---------- ---------- Net income applicable to common stock $1,450,909 $1,412,053 $3,599,243 ========== ========== ========== Shares Weighted average number of common shares outstanding 9,782,919 9,586,032 7,764,504 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 183,742 355,584 647,012 Assuming conversion of 6.5% convertible debentures - - 603,997 ---------- ---------- ---------- Weighted average number of common and common equivalent shares outstanding 9,966,661 9,941,616 9,015,513 ========== ========== ========== Earnings per common share $ .15 $ .14 $ .40 ========== ========== ==========