A.S.V., Inc.
Exhibit 11 — Computation of Earnings per Share
Exhibit 11 — Computation of Earnings per Share
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2005 | 2004 | 2005 | 2004 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 8,001,589 | $ | 4,429,859 | $ | 19,728,481 | $ | 12,207,088 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,849,654 | 25,275,004 | 26,787,977 | 25,156,256 | ||||||||||||
Basic earnings per common share | $ | .30 | $ | .18 | $ | .74 | $ | .49 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 8,001,589 | $ | 4,429,859 | $ | 19,728,481 | $ | 12,207,088 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,849,654 | 25,275,004 | 26,787,977 | 25,156,256 | ||||||||||||
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 | 950,645 | 935,042 | 896,177 | 1,458,712 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 27,800,299 | 26,210,046 | 27,684,154 | 26,614,968 | ||||||||||||
Diluted earnings per common share | $ | .29 | $ | .17 | $ | .71 | $ | .46 | ||||||||
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