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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
October 31,
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2000 1999
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<S> <C> <C>
Net income $ 498 $ 405
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Weighted average common
shares outstanding 10,207 10,207
Common share equivalents related
to options and warrants 3 --
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Common shares and common share
equivalents 10,210 10,207
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Common stock price used under
treasury stock method $ 1.47 $ --
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Net income (loss) per common share:
Basic $ 0.05 $ 0.04
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Diluted $ 0.05 $ 0.04
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</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 months ended October 31, 1999.