USA Truck (USAK) 10-Q2003 Q3 Quarterly report

Filed: 22 Oct 03, 12:00am

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New words: accomplish, achieved, achievement, announcing, approval, approved, assessment, August, award, awarded, begun, Bulletin, carry, Certification, collectively, commercial, comply, constitute, count, counter, cycle, deemed, duty, embedded, enterprise, evidencing, exempt, exhibit, expenditure, FIN, final, forfeited, forfeiture, furnished, furnishing, goal, guarantee, guarantor, inception, increasingly, Indirect, interpretation, issuance, meal, minimum, modernization, modernize, modified, nontransferable, null, obligation, obtain, offering, opportunity, perspective, postponed, previously, public, recipient, release, relied, rescission, Research, rest, restorative, restructuring, retained, returned, reversed, scope, SEC, service, shareholder, shortened, sleep, titled, traditional, Truckload, undertaken, unearned, unissued, vest, vesting, void, wheel

Removed: accrued, adequate, area, basic, capitalized, check, disposal, Employer, file, filed, filing, foreseeable, Identification, investing, jurisdiction, lived, mark, operated, preceding, Preferred, prepaid, shorter, transition, Washington

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EXHIBIT 11.1

STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE

USA TRUCK, INC.


		Three Months Ended				Nine Months Ended
		September 30,				September 30,

		2003		2002		2003		2002

Numerator:
	Net income	$	1,510,141	$	1,271,086	$	2,214,892	$	2,075,088

Denominator:
	Denominator for basic earnings per share-Weighted average shares		9,329,705		9,315,007		9,324,240		9,297,587
	Effect of dilutive securities – Employee Stock options		33,803		44,055		29,379		44,055

	Denominator for diluted earnings per share-Adjusted weighted average and Assumed conversions		9,363,508		9,359,062		9,353,619		9,341,642

Basic earnings per share		$	0.16	$	.14	$	0.24	$	.22

Diluted earnings per share		$	0.16	$	.14	$	0.24	$	.22