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EXHIBIT 11.1
DYNAMEX INC.
CALCULATION OF NET INCOME PER COMMON SHARE
(in thousands except per share data)
(Unaudited)
<TABLE>
<CAPTION>
Three months ended Six months ended
January 31, January 31,
-------------------------- -------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
(restated) (restated)
<S> <C> <C> <C> <C>
Net income (loss) $ (352) $ (2,744) $ 53 $ (2,567)
========== ========== ========== ==========
Weighted average common
shares outstanding 10,207 10,069 10,207 10,069
Common share equivalents related
to options and warrants -- -- -- --
---------- ---------- ---------- ----------
Common shares and common share
equivalents 10,207 10,069 10,207 10,069
========== ========== ========== ==========
Common stock price used under
treasury stock method $ -- $ 2.99 $ -- $ 5.62
========== ========== ========== ==========
Net income (loss) per common share:
Basic $ (0.03) $ (0.27) $ 0.01 $ (0.25)
========== ========== ========== ==========
Diluted $ (0.03) $ (0.27) $ 0.01 $ (0.25)
========== ========== ========== ==========
</TABLE>
On September 16, 1999, the American Stock Exchange suspended trading in the
Company's common stock. As a result, the Company is unable to determine the
number, if any, of common share equivalents related to options and warrants for
the three and nine months ended January 31, 2000. See Note 2 of
Notes to Condensed Consolidated Financial Statements.
