ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) QUARTERS SIX MONTHS PERIODS ENDED JUNE 30 1998 1997 1998 1997 - ------------------------------------------------------------------------------------------------------------------ BASIC EARNINGS PER SHARE: Net Income................................. $ 1,010,000 $ 622,000 $ 1,528,000 $ 924,000 =============== =============== =============== =============== Weighted Average Shares Outstanding........ 19,683,600 19,673,600 19,683,600 19,669,489 =============== =============== =============== =============== Basic Earnings Per Share................... $ .05 $ .03 $ .08 $ .05 ====== ====== ====== ====== DILUTED EARNINGS PER SHARE: Net Income................................. $ 1,010,000 $ 622,000 $ 1,528,000 $ 924,000 =============== =============== =============== =============== Weighted Average and Dilutive Shares: Weighted average shares outstanding...... 19,683,600 19,673,600 19,683,600 19,669,489 Dilutive shares.......................... 595,932 12,677 533,934 21,672 --------------- --------------- --------------- --------------- 20,279,532 19,686,277 20,217,534 19,691,161 =============== =============== =============== =============== Diluted Earnings Per Share................. $ .05 $ .03 $ .08 $ .05 ====== ====== ====== ======