INTERNATIONAL ASSETS HOLDING CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
For the Nine Months Ended June 30, 2000 and 1999
2000 1999
Basic Earnings Per Share
Numerator:
Net income $ 478,728 $ 363,034
Denominator:
Weighted average number of common shares outstanding 2,099,815 1,816,032
Basic earnings per share $ 0.23 0.20
Diluted Earnings Per Share
Numerator:
Net income $ 478,728 $ 363,034
Denominator:
Weighted average number of common shares outstanding 2,099,815 1,816,032
Weighted average number of net common shares that
would be issued upon exercise of dilutive options
assuming proceeds used to repurchase shares
pursuant to the treasury stock method (1) 279,367 321,449
Weighted average number of common shares and dilutive
potential common shares outstanding 2,379,182 2,137,481
Diluted earnings per share $ 0.20 0.17
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(1) The treasury stock method recognizes the use of proceeds that could be
obtained upon exercise of options in computing diluted earnings per share.
It assumes exercise of options as of the beginning of the period or when
issued, if later, and that any proceeds would be used to purchase common
stock at the average market price during the period.
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INTERNATIONAL ASSETS HOLDING CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
For the Three Months Ended June 30, 2000 and 1999
2000 (1) 1999 (2)
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Basic (Loss) Earnings Per Share
Numerator:
Net (loss) income $ (141,305) $ 38,880
Denominator:
Weighted average number of common shares
outstanding 2,181,347 1,871,078
Basic (loss) earnings per share $ (0.06) $ 0.02
Diluted (Loss) Earnings Per Share
Numerator:
Net (loss) income $ (141,305) $ 38,880
Denominator:
Weighted average number of common shares
outstanding 2,181,347 1,871,078
Weighted average number of net common shares that
would be issued upon exercise of dilutive options
assuming proceeds used to repurchase shares
pursuant to the treasury stock method (3) - 503,329
Weighted average number of common shares and
dilutive potential common shares outstanding 2,181,347 2,374,407
Diluted (loss) earnings per share $ (0.06) $ 0.02
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(1) Diluted loss per share is the same as basic loss per share for 2000
because of the anti-dilutive impact of the dilutive potential common
shares due to the net loss for 2000.
(2) Diluted earnings per share is the same as basic earnings per share for
1999 because of the rounding impact at two decimal places.
(3) The treasury stock method recognizes the use of proceeds that could be
obtained upon exercise of options in computing diluted earnings per share.
It assumes exercise of options as of the beginning of the period or when
issued, if later, and that any proceeds would be used to purchase common
stock at the average market price during the period.
