Exhibit 11
A.S.V., Inc. and Subsidiary
Computation of Earnings per Share
(In thousands, except share and per share data)
Computation of Earnings per Share
(In thousands, except share and per share data)
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Basic | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 3,507 | $ | 5,078 | $ | 8,839 | $ | 19,615 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,707,498 | 26,669,269 | 26,697,146 | 26,918,270 | ||||||||||||
Basic earnings per common share | $ | .13 | $ | .19 | $ | .33 | $ | .73 | ||||||||
Diluted | ||||||||||||||||
Earnings | ||||||||||||||||
Net earnings | $ | 3,507 | $ | 5,078 | $ | 8,839 | $ | 19,615 | ||||||||
Shares | ||||||||||||||||
Weighted average number of common shares outstanding | 26,707,498 | 26,669,269 | 26,697,146 | 26,918,270 | ||||||||||||
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 | 388,713 | 202,402 | 422,542 | 506,035 | ||||||||||||
Weighted average number of common and common equivalent shares outstanding | 27,096,211 | 26,871,671 | 27,119,688 | 27,424,305 | ||||||||||||
Diluted earnings per common share | $ | .13 | $ | .19 | $ | .33 | $ | .72 | ||||||||