FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended | Six Months Ended |
2011 | 2010 | 2011 | 2010 | |
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NET INCOME |
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Net Income <loss> applicable to common shares for basic earnings per share | $<213,681> | $<335,542> | $<531,663> | $<270,833> |
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Net Income <loss> applicable to common shares for diluted earnings per share | $<213,681> | $<335,542> | $<531,663> | $<270,833> |
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SHARES OUTSTANDING |
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Weighted average shares for basic earnings per share | 1,248,095 | 1,248,095 | 1,248,095 | 1,248,095 |
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Net effect of dilutive 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 | 1,248,095 | 1,248,095 | 1,248,095 | 1,248,095 |
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Basic Earnings Per Common Share | $<.17> | $<.27> | $<.42> | $<.22> |
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Diluted Earnings Per Common Share | $<.17> | $<.27> | $<.42> | $<.22> |
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* Net effect of stock options was antidilutive for the period.