ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES Exhibit 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) QUARTERS ENDED MARCH 31 2002 2001 - -------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE: - ------------------------- Net Income ..................................... $ 119,000 $ 671,000 ========== ========== Weighted Average Shares Outstanding ............ 3,856,904 3,856,539 ========== ========== Basic Earnings Per Share ....................... $ .03 $ .17 ===== ===== DILUTED EARNINGS PER SHARE: - --------------------------- Net Income ..................................... $ 119,000 $ 671,000 ========== ========== Weighted Average and Dilutive Shares: Weighted average shares outstanding .......... 3,856,904 3,856,539 Dilutive shares .............................. 21,543 195,154 ---------- ---------- 3,878,447 4,051,693 ========== ========== Diluted Earnings Per Share ..................... $ .03 $ .17 ===== =====