Exhibit 11
A.S.V., Inc. and Subsidiary
Computation of Earnings per Share
(In thousands, except share data)
Computation of Earnings per Share
(In thousands, except share data)
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 7,601 | $ | 6,184 | $ | 14,537 | $ | 11,727 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,996,267 | 26,787,204 | 27,042,771 | 26,757,140 | ||||||||||||
Basic earnings per common share | $ | .28 | $ | .23 | $ | .54 | $ | .44 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 7,601 | $ | 6,184 | $ | 14,537 | $ | 11,727 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,996,267 | 26,787,204 | 27,042,771 | 26,757,140 | ||||||||||||
Assuming exercise of options reduced by the number of shares which could have been purchased with the proceeds from the exercise of such options | 529,760 | 823,168 | 657,852 | 868,942 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 27,526,027 | 27,610,372 | 27,700,623 | 27,626,082 | ||||||||||||
Diluted earnings per common share | $ | .28 | $ | .22 | $ | .52 | $ | .42 | ||||||||
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