ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) QUARTERS NINE MONTHS PERIODS ENDED SEPTEMBER 30 1997 1996 1997 1996 - ------------------------------------------------------------------------------------------------------------------ PRIMARY EARNINGS (LOSS) PER SHARE: NET INCOME (LOSS).......................... $ 1,127,000 $ (7,350,000) $ 2,051,000 $ (7,712,000) =============== =============== =============== =============== WEIGHTED AVERAGE SHARES: Common shares outstanding................ 19,673,600 19,748,600 19,670,889 19,746,118 Common share equivalents................. 187,337 310,394 57,249 557,002 --------------- --------------- --------------- --------------- Weighted average number of common shares and common share equivalents outstanding.......... 19,860,937 20,058,994 19,728,138 20,303,120 =============== =============== =============== =============== PRIMARY EARNINGS (LOSS) PER COMMON SHARE............................. $ .06 $ (.37) $ .10 $ (.38) ====== ====== ====== ====== FULLY DILUTED EARNINGS (LOSS) PER SHARE: NET INCOME (LOSS).......................... $ 1,127,000 $ (7,350,000) $ 2,051,000 $ (7,712,000) =============== =============== =============== =============== WEIGHTED AVERAGE SHARES: Weighted average number of common shares and common share equivalents outstanding.......... 19,860,937 20,058,994 19,728,138 20,303,120 Additional options not included above.... 264,560 - 394,649 - --------------- --------------- --------------- --------------- Weighted average number of common shares outstanding as adjusted............................ 20,125,497 20,058,994 20,122,787 20,303,120 =============== =============== =============== =============== FULLY DILUTED EARNINGS (LOSS) PER COMMON SHARE......................... $ .06 $ (.37) $ .10 $ (.38) ====== ====== ====== ======