NU HORIZONS ELECTRONICS CORP. EXHIBIT 11 COMPUTATION OF EARNINGS PER COMMON SHARE ---------------------------------------- (Unaudited) FOR THE YEAR ENDED ------------------------------------ FEBRUARY FEBRUARY FEBRUARY 28, 1995 28, 1994 28, 1993 ---------- ----------- ---------- PRIMARY EARNINGS: ---------------- NET INCOME $4,421,823 $5,044,225 $1,489,658 ========== ========== ========== SHARES: Weighted average number of common shares and common share equivalents outstanding 7,847,677 7,774,440 7,558,311 ========== ========== ========== PRIMARY EARNINGS PER COMMON SHARE: Net Income $ .56 $ .65 $ .20 ========== ========== ========== FULLY DILUTED EARNINGS: ---------------------- Net Income $4,421,823 $5,044,225 $1,489,658 Net (after tax) interest expense related to convertible debt 365,062 - - ---------- ---------- ---------- NET INCOME AS ADJUSTED $4,786,885 $5,044,225 $1,489,658 ========== ========== ========== SHARES: Weighted average number of common shares and common share equivalents outstanding 7,847,677 7,774,440 7,558,311 Additional options not included above 598,287 40,165 158,502 Assuming Conversion of convertible debt 833,333 - - ---------- ---------- ---------- Weighted average number of common shares outstanding as adjusted 9,279,297 7,814,605 7,716,813 ========== ========== ========== FULLY DILUTED EARNINGS PER COMMON SHARE $ .52 $ .65 $ .19 ========== ========== ==========