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EXHIBIT 11.1
OMEGA FLEX, INC.
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
For the three-months ended June 30, | For the six-months ended June 30, | |||||||
---|---|---|---|---|---|---|---|---|
2005 | 2004 | 2005 | 2004 | |||||
(Dollars in thousands, except earnings per Common Share) | ||||||||
Net Income | $1,680 | $1,102 | $3,068 | $2,321 | ||||
Basic Earnings per Common Share: | ||||||||
Net Income | $0.17 | $0.13 | $0.30 | $0.27 | ||||
Basic Weighted Average Shares Outstanding | 10,154 | 8,732 | 10,154 | 8,732 | ||||
Diluted Earnings per Common Share: | ||||||||
Net Income | $0.17 | $0.11 | $0.30 | $0.23 | ||||
Diluted Weighted Average Shares Outstanding | 10,154 | 10,154 | 10,154 | 10,154 | ||||
Dividends Declared per Share | --- | --- | $0.92 | --- |