A.S.V., Inc.
Exhibit 11 — Computation of Earnings per Share
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2005 | 2004 | 2005 | 2004 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 6,183,917 | $ | 4,182,196 | $ | 11,726,892 | $ | 7,777,229 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 13,393,602 | 12,632,363 | 13,378,570 | 12,548,440 | ||||||||||||
Basic earnings per common share | $ | .46 | $ | .33 | $ | .88 | $ | .62 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 6,183,917 | $ | 4,182,196 | $ | 11,726,892 | $ | 7,777,229 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 13,393,602 | 12,632,363 | 13,378,570 | 12,548,440 | ||||||||||||
Assuming exercise of options and warrants reduced by the number of shares which could have been purchased with the proceeds from the exercise of such options and warrants | 411,584 | 478,460 | 434,471 | 860,274 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 13,805,186 | 13,110,823 | 13,813,041 | 13,408,714 | ||||||||||||
Diluted earnings per common share | $ | .45 | $ | .32 | $ | .85 | $ | .58 | ||||||||
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