FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended | Nine Months Ended | |
June 30, | June 30, | |
2011 2010 | 2011 2010 |
NET INCOME | $<125,949> | $<151,479> | $<657,612> | $<422,312> |
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Net Income <Loss> applicable to common shares for diluted earnings per share | $<125,949> | $<151,479> | $<657,612> | $<422,312> |
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SHARES OUTSTANDING | 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 | $<.10> | $.<12> | $<.52> | $<.34> |
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Diluted Earnings Per Common Share | $<.10> | $<.12> | $<.52> | $<.34> |
* Net effect of stock options was antidilutive for the period.