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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
USA TRUCK, INC.
Three Months Ended Nine Months Ended
September 30, September 30,
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2000 1999 2000 1999
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Numerator:
Net income and comprehensive income $ 512,357 $1,688,989 $1,298,039 $6,447,909
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Denominator:
Denominator for basic earnings per share-
Weighted average shares 9,257,973 9,298,377 9,299,393 9,369,589
Effect of dilutive securities - Employee
stock options 6,143 37,595 6,016 38,994
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Denominator for diluted earnings per share -
Adjusted weighted average shares and
Assumed conversions 9,264,116 9,335,972 9,305,409 9,408,583
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Basic earnings per share $ 0.06 $ 0.18 $ 0.14 $ 0.69
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Diluted earnings per share $ 0.06 $ 0.18 $ 0.14 $ 0.69
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