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Previous: NU HORIZONS ELECTRONICS CORP, 10-Q, 2000-07-12 |
Next: NU HORIZONS ELECTRONICS CORP, 10-Q, EX-27, 2000-07-12 |
<PAGE>
Exhibit 11
NU HORIZONS ELECTRONICS CORP.
EXHIBIT 11
COMPUTATION OF EARNINGS PER COMMON SHARE
----------------------------------------
(Unaudited)
<TABLE>
<CAPTION>
FOR THE THREE MONTHS ENDED
----------------------------------------------
May May
31, 2000 31, 1999
--------------- ----------------
<S> <C> <C>
BASIC EARNINGS:
---------------
NET INCOME $ 7,424,807 $ 1,526,847
=============== ================
Weighted average number of common shares outstanding 10,379,254 8,753,076
--------------- ----------------
BASIC EARNINGS PER COMMON SHARE $ .72 $ .17
=========== ===========
DILUTED EARNINGS:
-----------------
Net income $ 7,424,807 $ 1,526,847
Net (after tax) interest expense related to convertible debt - 85,000
--------------- ----------------
NET INCOME AS ADJUSTED $ 7,424,807 $ 1,611,847
=============== ================
SHARES:
Weighted average number of common shares outstanding 10,379,254 8,753,076
Stock options 1,999,108 1,924,950
Assuming conversion of convertible debt - 784,333
--------------- ----------------
Weighted average number of common shares outstanding
as adjusted 12,378,362 11,462,359
=============== ================
DILUTED EARNINGS PER COMMON SHARE $ .60 $ .14
=========== ===========
</TABLE>
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