Docoh
Loading...

ESP Espey Manufacturing & Electronics

Filed: 13 Sep 17, 8:00pm

 

EXHIBIT 11.1

ESPEY MFG. & ELECTRONICS CORP.

Computation of per Share Net Income

 

Five years ended June 30,

 

  2017  2016  2015  2014  2013 
Computation of net income                    
     per share:                    
                     
          BASIC                    
          Weighted average                    
          number of primary                    
          shares outstanding  2,312,870   2,285,686   2,271,426   2,245,222   2,206,937 
                     
Net income $1,135,736  $3,175,801  $3,183,127  $1,167,885  $5,562,425 
                     
Per share-basic $0.49  $1.39  $1.40  $0.52  $2.52 
                     
          DILUTED                    
          Weighted average                    
          number of primary                    
          shares outstanding  2,324,838   2,302,034   2,290,542   2,285,535   2,242,648 
                     
          Net effect of                    
          dilutive stock                    
          options based on                    
          treasury stock                    
          method  11,968   16,348   19,116   40,313   35,711 
                     
Net income $1,135,736  $3,175,801  $3,183,127  $1,167,885  $5,562,425 
                     
Per share-diluted $0.49  $1.38  $1.39  $0.51  $2.48 

 

30