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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
USA TRUCK, INC.
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Three Months Ended Six Months Ended
June 30, June 30,
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1999 1998 1999 1998
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Numerator:
Net income and comprehensive income $ 2,434,803 $ 2,798,077 $ 4,758,920 $ 5,135,794
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Denominator:
Denominator for basic earnings per
share - weighted average shares 9,373,109 9,418,826 9,384,410 9,378,054
Effect of dilutive securities:-
Employee stock options 37,366 112,228 38,881 100,108
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Denominator for diluted earnings per
share - adjusted weighted average
shares and assumed conversions 9,410,475 9,531,054 9,423,291 9,478,162
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Basic earnings per share $ 0.26 $ 0.30 $ 0.51 $ 0.55
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Diluted earnings per share $ 0.26 $ 0.29 $ 0.51 $ 0.54
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