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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
USA TRUCK, INC.
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Three Months Ended
March 31,
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1999 1998
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Numerator:
Net income and comprehensive income................... $ 2,324,117 $ 2,337,717
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Denominator:
Denominator for basic earnings per
share - weighted average shares..................... 9,392,817 9,399,731
Effect of dilutive securities:-
Employee stock options................................ 59,664 78,431
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Denominator for diluted earnings per
share - adjusted weighted average
shares and assumed conversions........................ 9,452,481 9,478,162
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Basic earnings per share $ 0.25 $ 0.25
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Diluted earnings per share $ 0.25 $ 0.25
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