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, | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 3,273 | $ | 7,601 | $ | 5,332 | $ | 14,537 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,667,845 | 26,996,267 | 26,691,970 | 27,042,771 | ||||||||||||
Basic earnings per common share | $ | .12 | $ | .28 | $ | .20 | $ | .54 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 3,273 | $ | 7,601 | $ | 5,332 | $ | 14,537 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,667,845 | 26,996,267 | 26,691,970 | 27,042,771 | ||||||||||||
Assume the proceeds from the exercise of options together with the related income tax benefit and unrecognized compensation were used to repurchase shares issued upon exercise of options and warrants | 407,794 | 529,760 | 439,455 | 657,852 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 27,075,639 | 27,526,027 | 27,131,425 | 27,700,623 | ||||||||||||
Diluted earnings per common share | $ | .12 | $ | .28 | $ | .20 | $ | .52 | ||||||||