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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
USA TRUCK, INC.
Three Months Ended Six Months Ended
June 30, June 30,
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1998 1997 1998 1997
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Numerator:
Net income and comprehensive income.. $2,798,077 $1,924,990 $5,135,794 $3,206,593
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Denominator:
Denominator for basic earnings per
share - weighted average shares ... 9,418,826 9,408,270 9,378,054 9,373,548
Effect of dilutive securities:-
Employee stock options ........... 112,228 120,480 100,108 98,675
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Denominator for diluted earnings per
share - adjusted weighted average
shares and assumed conversions ... 9,531,054 9,528,750 9,478,162 9,472,223
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Basic earnings per share $ 0.30 $ 0.20 $ 0.55 $ 0.34
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Diluted earnings per share $ 0.29 $ 0.20 $ 0.54 $ 0.34
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