FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATE STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended March 31, | Six Months Ended |
2002 | 2001 | 2002 | 2001 | |
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NET INCOME |
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Net Income <loss> applicable to common shares for basic earnings per share | $ 150,971 | $ <353,127> | $ <57,569> | $ <697,690> |
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Net Income <loss> applicable to common shares for diluted earnings per share | $ 150,971 | $ <353,127> | $ <57,569> | $ <697,690> |
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SHARES OUTSTANDING |
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Weighted average shares for basic earnings per share | 1,219,750 | 1,217,710 | 1,219,750 | 1,217,750 |
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Net effect of diluted stock options – based on the treasury stock method using year-end market price, if higher than average market price. | - * | - * | - * | - * |
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Total shares for diluted earnings per share | 1,219,750 | 1,217,710 | 1,219,750 | 1,217,750 |
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Basic Earnings Per Common Share | $ .12 | $ <.29> | $ <.05> | $ <.57> |
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Diluted Earnings Per Common Share | $ .12 | $ <.29> | $ <.05> | $ <.57> |
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* Net effect of stock options was antidilutive for the period.
