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 | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 5,078 | $ | 8,001 | $ | 19,615 | $ | 19,728 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,669,269 | 26,849,654 | 26,918,270 | 26,787,977 | ||||||||||||
Basic earnings per common share | $ | .19 | $ | .30 | $ | .73 | $ | .74 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 5,078 | $ | 8,001 | $ | 19,615 | $ | 19,728 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,669,269 | 26,849,654 | 26,918,270 | 26,787,977 | ||||||||||||
Assuming exercise of options reduced by the number of shares which could have been purchased with the proceeds from the exercise of such options | 202,402 | 950,645 | 506,035 | 896,177 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 26,871,671 | 27,800,299 | 27,424,305 | 27,684,154 | ||||||||||||
Diluted earnings per common share | $ | .19 | $ | .29 | $ | .72 | $ | .71 | ||||||||