ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) QUARTERS NINE MONTHS PERIODS ENDED SEPTEMBER 30 2000 1999 2000 1999 - ------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE: - ------------------------- Net Income ............................ $4,741,000 $ 502,000 $8,900,000 $ 943,000 ========== ========== ========== ========== Weighted Average Shares Outstanding ... 3,844,454 3,922,838 3,820,112 3,932,527 ========== ========== ========== ========== Basic Earnings Per Share .............. $1.23 $.13 $2.33 $.24 ===== ==== ===== ==== DILUTED EARNINGS PER SHARE: - --------------------------- Net Income ............................ $4,741,000 $ 502,000 $8,900,000 $ 943,000 ========== ========== ========== ========== Weighted Average and Dilutive Shares: Weighted average shares outstanding . 3,844,454 3,922,838 3,820,112 3,932,527 Dilutive shares ..................... 450,738 -- 320,536 -- ---------- ---------- ---------- ---------- 4,295,192 3,922,838 4,140,648 3,932,527 ========== ========== ========== ========== Diluted Earnings Per Share ............ $1.10 $.13 $2.15 $.24 ===== ==== ===== ====