|
|
|
|
|
|
|
|
|
<PAGE> 1
HICKOK INCORPORATED
EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
Year Ended September 30
---------------------------------------------------
2000 1999 1998
---------- ---------- ----------
<S> <C> <C> <C>
PRIMARY
-------
Average shares outstanding 1,204,276 1,199,416 1,196,602
Net effect of dilutive stock
options- based on the treasury stock
method using average market price -- ** -- ** 18,073
---------- ---------- ----------
Total Shares 1,204,276 1,199,416 1,214,675
========== ========== ==========
Net Income (Loss) $ (410,604) $ (268,171) $1,034,400
========== ========== ==========
Net Income (Loss) per Share $ (.34) $ (.22) $ .85
========== ========== ==========
FULLY DILUTED
-------------
Average shares outstanding 1,204,276 1,199,416 1,196,602
Net effect of dilutive stock
options- based on the treasury stock
method using year-end market price
if higher than average market price -- ** -- ** 18,073*
---------- ---------- ----------
Total Shares 1,204,276 1,199,416 1,214,675
========== ========== ==========
Net Income (Loss) $ (410,604) $ (268,171) $1,034,400
========== ========== ==========
Net Income (Loss) Per Share $ (.34) $ (.22) $ .85
========== ========== ==========
</TABLE>
* Year-end market price is less than average market price, use same as
primary shares.
** Net effect of stock options was antidilutive for the period.
|
|