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M. H. Meyerson & Co., Inc.
Exhibit 11
Statement of Earnings Per Share
The earnings per share during the periods presented were calculated as follows:
Nine months ended October 31, 1999
5,090,335 shares from February 1 to February 4 4 days 20,361,340
5,340,335 shares from February 5 to February 10 6 days 32,042,010
5,490,335 shares from February 11 to February 23 13 days 71,374,355
5,510,335 shares from February 24 to February 24 1 day 5,510,335
5,525,335 shares from February 25 to March 30 34 days 187,861,390
5,527,335 shares from March 31 to April 7 8 days 44,218,680
5,532,335 shares from April 8 to April 11 4 days 22,129,340
6,032,335 shares from April 12 to May 17 36 days 217,164,060
6,037,335 shares from May 18 to May 26 9 days 54,336,015
6,042,335 shares from May 27 to May 27 1 day 6,042,335
6,043,335 shares from May 28 to May 31 4 days 24,173,340
6,204,815 shares from June 1 to June 3 3 days 18,614,445
6,209,815 shares from June 4 to June 16 13 days 80,727,595
6,214,815 shares from June 17 to June 22 6 days 37,288,890
6,219,815 shares from June 23 to July 21 29 days 180,374,635
6,221,815 shares from July 22 to August 2 12 days 74,661,780
6,241,815 shares from August 3 to August 3 1 day 6,241,815
6,291,815 shares from August 4 to August 9 6 days 37,750,890
6,346,815 shares from August 10 to August 10 1 day 6,346,815
6,356,815 shares from August 11 to August 11 1 day 6,356,815
6,371,815 shares from August 12 to August 18 7 days 44,602,705
6,374,815 shares from August 19 to September 2 15 days 95,622,225
6,384,815 shares from September 3 to October 4 32 days 204,315,080
6,386,815 shares from October 5 to October 6 2 days 12,773,630
6,396,815 shares from October 7 to October 19 13 days 83,158,595
6,402,815 shares from October 20 to October 31 12 days 76,833,780
273 days 1,650,881,895
1,650,881,895 shares divided by 273 days=6,047,186 average shares outstanding.
Equivalent shares using modified treasury stock method: Shares assumed sold:
25,000 1 25,000
114,091 1.1 125,500
30,000 1.96875 59,063
12,500 2.0625 25,781
159,429 2.1875 348,751
680,000 2.25 1,530,000
10,000 2.4375 24,375
12,500 2.5 31,250
Shares assumed bought: (788,989) 2.75 (2,169,780)
Total: 254,531 0
Total weighted average outstanding shares: 6,301,717
$1,339,908 / 6,301,717 = $0.21 earnings per diluted share.
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Nine months ended October 31, 2000
6,507,815 shares from February 1 to February 17 17 days 110,632,855
6,517,815 shares from February 18 to March 16 28 days 182,498,820
6,527,815 shares from March 17 to April 4 19 days 124,028,485
6,547,815 shares from April 5 to April 12 8 day 52,382,520
6,552,815 shares from April 13 to April 25 13 days 85,186,595
6,565,315 shares from April 26 to April 30 5 days 32,826,575
6,565,315 shares from May 1 to May 22 22 days 144,436,930
6,570,315 shares from May 23 to May 31 9 days 59,132,835
6,590,315 shares from June 1 to June 1 1 days 6,590,315
6,595,315 shares from June 2 to June 29 28 day 184,668,820
6,582,315 shares from June 30 to July 31 32 days 210,634,080
6,582,315 shares from August 1 to August 31 31 days 204,051,765
6,582,315 shares from September 1 to September 17 17 days 111,899,355
6,575,915 shares from September 18 to September 30 13 days 85,486,895
6,575,915 shares from October 1 to October 31 31 days 203,853,365
274 days 1,798,310,210
1,798,310,210 shares divided by 274 days=6,563,176 average shares outstanding.
Equivalent shares using modified treasury stock method:
Shares assumed sold:
114,091 1.1 125,500
15,000 1.96875 29,531
159,429 2.1875 348,751
582,500 2.25 1,310,625
10,000 2.4375 24,375
25,000 2.5 62,500
10,000 2.8125 28,125
Shares assumed bought: (490,008) 3.9375 (1,929,407)
Total: 426,012 0
Total weighted average outstanding shares: 6,989,188
$1,437,040 / 6,989,188 = $0.21 earnings per diluted share.
