GREAT LAKES AVIATION LTD
10-Q, EX-11, 2000-11-08
AIR TRANSPORTATION, SCHEDULED
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EXHIBIT 11.
  INCOME PER SHARE

 
  Three Months Ended September 30,
 
  2000
  1999
 
  Income
(Numerator)

  Shares
(Denominator)

  Per-Share
Amount

  Income
(Numerator)

  Shares
(Denominator)

  Per-Share
Amount

Basic Income per share                                
  Net income attributed to Common shareholders   $ 1,508,519   8,647,891   $ 0.17   $ 3,412,303   8,637,440   $ 0.40
             
           
Effect of dilutive securities                                
  Stock warrants       538,188             723,069      
  Stock options       1,307             4,802      
   
 
       
 
     
Diluted income per share                                
  Net income attributed to Common shareholders   $ 1,508,519   9,187,386   $ 0.16   $ 3,412,303   9,365,311   $ 0.36
       
 
 
 
 
 
                                 
 
  Nine Months Ended September 30,
 
  2000
  1999
 
  Income
(Numerator)

  Shares
(Denominator)

  Per-Share
Amount

  Income
(Numerator)

  Shares
(Denominator)

  Per-Share
Amount

Basic Income per share                                
  Net income attributed to Common shareholders   $ 2,098,302   8,644,456   $ 0.24   $ 4,699,488   8,633,125   $ 0.54
             
           
Effect of dilutive securities                                
  Stock warrants       603,639             723,209      
  Stock options       2,503             4,662      
   
 
       
 
     
Diluted income per share                                
  Net income attributed to Common shareholders   $ 2,098,302   9,250,598   $ 0.23   $ 4,699,488   9,360,996   $ 0.50
       
 
 
 
 
 




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