Exhibit 11 NU HORIZONS ELECTRONICS CORP. EXHIBIT 11 __________ COMPUTATION OF EARNINGS PER COMMON SHARE ---------------------------------------- (Unaudited) FOR THE NINE FOR THE THREE MONTHS ENDED MONTHS ENDED ------------ ------------ November November November November 30, 2000 30, 1999 30, 2000 30, 1999 -------- -------- -------- -------- BASIC EARNINGS: - --------------- Net Income $28,402,345 $ 7,113,044 $11,045,899 $ 3,376,450 =========== =========== =========== =========== Weighted average number of common shares outstanding 16,479,565 13,302,853 16,479,565 13,349,220 =========== =========== =========== =========== Basic earnings per common share $ 1.72 $ .54 $ .67 $ .25 =========== =========== =========== =========== DILUTED EARNINGS: - ----------------- Net income $28,402,345 $ 7,113,044 $11,045,899 $ 3,376,450 Net (after tax) interest expense related to convertible debt - 255,000 - 85,000 ----------- ----------- ----------- ----------- Net income as adjusted $28,402,345 $ 7,368,044 $11,045,899 $ 3,461,450 =========== =========== =========== =========== SHARES: Weighted average number of common shares outstanding 16,479,565 13,302,853 16,479,565 13,349,220 Stock options 1,956,889 2,851,584 1,956,889 2,989,962 Assuming conversion of convertible debt - 1,183,035 - 1,196,107 ----------- ----------- ----------- ----------- Weighted average number of common shares outstanding as adjusted 18,436,454 17,337,472 18,436,454 17,535,289 =========== =========== =========== =========== DILUTED EARNINGS PER COMMON SHARE $ 1.54 $ .42 $ .60 $ .20 =========== =========== =========== ===========