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Exhibit 11
NU HORIZONS ELECTRONICS CORP.
EXHIBIT 11
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COMPUTATION OF EARNINGS PER COMMON SHARE
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(Unaudited)
FOR THE SIX FOR THE THREE
MONTHS ENDED MONTHS ENDED
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August August August August
31, 2000 31, 1999 31, 2000 31, 1999
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BASIC EARNINGS:
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Net Income $17,461,482 $ 3,736,596 $10,036,675 $ 2,209,749
=========== =========== =========== ===========
Weighted average number
of common shares outstanding 10,616,205 8,753,076 10,853,156 8,753,076
=========== =========== =========== ===========
Basic earnings per common share $ 1.64 $ .42 $ .92 $ .25
=========== =========== =========== ===========
DILUTED EARNINGS:
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Net income $17,461,482 $ 3,736,596 $10,036,675 $ 2,209,749
Net (after tax) interest expense
related to convertible debt - 170,000 - 85,000
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Net income as adjusted $17,461,482 $ 3,906,596 $10,036,675 $ 2,294,749
=========== =========== =========== ===========
SHARES:
Weighted average number of
common shares outstanding 10,616,205 8,753,076 10,853,156 8,753,076
Stock options 1,762,157 1,954,950 1,525,206 1,954,950
Assuming conversion of
convertible debt - 784,333 - 784,333
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Weighted average number
of common shares outstanding
as adjusted 12,378,362 11,492,359 12,378,362 11,492,359
=========== =========== =========== ===========
DILUTED EARNINGS PER
COMMON SHARE $ 1.41 $ .34 $ .81 $ .20
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</TABLE>
