ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES Exhibit 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) Quarters Nine Months PERIODS ENDED SEPTEMBER 30 2001 2000 2001 2000 - ------------------------------------------------------------------------------------------------------------------ BASIC EARNINGS PER SHARE: Net Income (Loss)................................ $ (381,000) $ 4,741,000 $ (13,692,000) $ 8,900,000 ============= ============= ============== ============= Weighted Average Shares Outstanding.............. 3,856,904 3,844,454 3,856,904 3,820,112 ============= ============= ============== ============= Basic Earnings (Loss) Per Share.................. $ (.10) $ 1.23 $(3.55) $ 2.33 ======= ====== ====== ====== DILUTED EARNINGS PER SHARE: Net Income (Loss)................................ $ (381,000) $ 4,741,000 $ (13,692,000) $ 8,900,000 ============= ============= ============== ============= Weighted Average and Dilutive Shares: Weighted average shares outstanding............ 3,856,904 3,844,454 3,856,904 3,820,112 Dilutive shares................................ -- 450,738 -- 320,536 ------------- ------------- -------------- ------------- 3,856,904 4,295,192 3,856,904 4,140,648 ============= ============= ============== ============= Diluted Earnings (Loss) Per Share................ $ (.10) $ 1.10 $(3.55) $ 2.15 ======= ====== ====== ======