ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) QUARTERS NINE MONTHS PERIODS ENDED SEPTEMBER 30 1998 1997 1998 1997 - ------------------------------------------------------------------------------------------------------------------ BASIC EARNINGS PER SHARE: Net Income................................. $ 310,000 $ 1,127,000 $ 1,838,000 $ 2,051,000 =============== =============== =============== =============== Weighted Average Shares Outstanding........ 19,686,611 19,673,600 19,684,604 19,670,859 =============== =============== =============== =============== Basic Earnings Per Share................... $ .02 $ .06 $ .09 $ .10 ====== ====== ====== ====== DILUTED EARNINGS PER SHARE: Net Income................................. $ 310,000 $ 1,127,000 $ 1,838,000 $ 2,051,000 =============== =============== =============== =============== Weighted Average and Dilutive Shares: Weighted average shares outstanding...... 19,686,611 19,673,600 19,684,604 19,670,859 Dilutive shares.......................... 385,870 187,337 441,445 36,080 --------------- --------------- --------------- --------------- 20,072,481 19,860,937 20,126,049 19,706,939 =============== =============== =============== =============== Diluted Earnings Per Share................. $ .02 $ .06 $ .09 $ .10 ====== ====== ====== ======