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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)
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FOR THE NINE FOR THE THREE
MONTHS ENDED MONTHS ENDED
------------ ------------
November November November November
30, 2000 30, 1999 30, 2000 30, 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
BASIC EARNINGS:
---------------
Net Income $28,402,345 $ 7,113,044 $11,045,899 $ 3,376,450
=========== =========== =========== ===========
Weighted average number
of common shares outstanding 16,479,565 13,302,853 16,479,565 13,349,220
=========== =========== =========== ===========
Basic earnings per common share $ 1.72 $ .54 $ .67 $ .25
=========== =========== =========== ===========
DILUTED EARNINGS:
-----------------
Net income $28,402,345 $ 7,113,044 $11,045,899 $ 3,376,450
Net (after tax) interest expense
related to convertible debt - 255,000 - 85,000
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Net income as adjusted $28,402,345 $ 7,368,044 $11,045,899 $ 3,461,450
=========== =========== =========== ===========
SHARES:
Weighted average number of
common shares outstanding 16,479,565 13,302,853 16,479,565 13,349,220
Stock options 1,956,889 2,851,584 1,956,889 2,989,962
Assuming conversion of
convertible debt - 1,183,035 - 1,196,107
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Weighted average number
of common shares outstanding
as adjusted 18,436,454 17,337,472 18,436,454 17,535,289
=========== =========== =========== ===========
DILUTED EARNINGS PER
COMMON SHARE $ 1.54 $ .42 $ .60 $ .20
=========== =========== =========== ===========
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