EXHIBIT 11
HEICO CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
1997 1996(2)
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FULLY FULLY
PRIMARY DILUTED PRIMARY DILUTED
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Nine months ended July 31:
Weighted average number of common
shares outstanding $ 5,323,041 $ 5,323,041 $ 5,167,947 $ 5,167,947
Common Stock equivalents arising from
dilutive stock options (1) 1,020,175 1,047,731 679,498 708,258
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6,343,216 6,370,772 5,847,445 5,876,205
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Net income per share:
From continuing operations $ 0.78 $ 0.78 $ 0.39 $ 0.39
From discontinued operations -- -- 0.16 0.16
From gain on sale of dis-
continued operations -- -- 0.90 0.89
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Net income per share $ 0.78 $ 0.78 $ 1.45 $ 1.44
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Three months ended July 31:
Weighted average number of common
shares outstanding 5,350,187 5,350,187 5,237,911 5,237,911
Common Stock equivalents arising from
dilutive stock options (1) 1,016,102 1,049,571 887,164 887,164
----------- ----------- ----------- -----------
6,366,289 6,399,758 6,125,075 6,125,075
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Net income per share:
From continuing operations $ .27 $ 0.27 $ 0.17 $ 0.17
From discontinued operations -- -- 0.04 0.04
From gain on sale of dis-
continued operations -- -- 0.86 0.86
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Net income per share $ .27 $ 0.27 $ 1.07 $ 1.07
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(1) Computed under the "treasury stock" method using the average market price
for the primary computation and using the higher of average or ending
market prices for the fully diluted computation.
(2) All net income per share and common shares outstanding information has been
retroactively restated to reflect stock dividends and stock splits.
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