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ESP Espey Manufacturing & Electronics

Filed: 21 Sep 20, 4:01pm

EXHIBIT 11.1

ESPEY MFG. & ELECTRONICS CORP.

Computation of per Share Net Income

 

Five years ended June 30,

 

  2020  2019  2018  2017  2016 
Computation of net income                    
     per share:                    
                     
          BASIC                    
          Weighted average                    
          number of primary                    
          shares outstanding  2,393,207   2,372,945   2,333,885   2,312,870   2,285,686 
                     
Net income $1,163,668  $2,342,694  $3,075,797  $1,135,736  $3,175,801 
                     
Per share-basic $0.49  $0.99  $1.32  $0.49  $1.39 
                     
          DILUTED                    
          Weighted average                    
          number of primary                    
          shares outstanding  2,396,618   2,389,228   2,348,307   2,324,838   2,302,034 
                     
          Net effect of                    
          dilutive stock                    
          options based on                    
          treasury stock                    
          method  3,411   16,283   14,422   11,968   16,348 
                     
Net income $1,163,668  $2,342,694  $3,075,797  $1,135,736  $3,175,801 
                     
Per share-diluted $0.49  $0.98  $1.31  $0.49  $1.38 

 

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