A.S.V., Inc.
Exhibit 11 — Computation of Earnings per Share
Years ended December 31, 2006, 2005 and 2004
(In thousands, except share data)
Exhibit 11 — Computation of Earnings per Share
Years ended December 31, 2006, 2005 and 2004
(In thousands, except share data)
2006 | 2005 | 2004 | ||||||||||
Basic | ||||||||||||
Earnings | ||||||||||||
Net earnings | $ | 22,047 | $ | 27,898 | $ | 17,175 | ||||||
Shares | ||||||||||||
Weighted average number of common shares outstanding | 26,860,199 | 26,280,216 | 25,471,998 | |||||||||
Earnings per common share | $ | .82 | $ | 1.04 | $ | .67 | ||||||
Diluted | ||||||||||||
Earnings | ||||||||||||
Net earnings | $ | 22,047 | $ | 27,898 | $ | 17,175 | ||||||
Shares | ||||||||||||
Weighted average number of common shares outstanding | 26,860,199 | 26,820,216 | 25,471,998 | |||||||||
Assume the proceeds from the exercise of options and warrants together with the related tax benefit of unrecognized compensation were used to repurchase shares issued upon exercise of options and warrants. The unrecognized compensation was not utilized in the calculation in 2005 and 2004 | 428,773 | 905,025 | 1,353,002 | |||||||||
Weighted average number of common and common equivalent shares outstanding | 27,288,972 | 27,725,241 | 26,825,000 | |||||||||
Earnings per common share | $ | .81 | $ | 1.01 | $ | .64 | ||||||