Exhibit 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND SHARE EQUIVALENTS
Years Ended September 30, | 2016 | 2015 | 2014 | |||||||||
NET INCOME | ||||||||||||
Net income (loss) applicable to common shares for basic earnings per share | $ | 4,632,848 | $ | (122,377 | ) | $ | 8,376 | |||||
Net Income (loss) applicable to common shares for diluted earnings per share | $ | 4,632,848 | $ | (122,377 | ) | $ | 8,376 | |||||
SHARES OUTSTANDING | ||||||||||||
Weighted average shares for basic earnings per share | 1,943,625 | 1,638,215 | 1,638,215 | |||||||||
Net effect of dilutive options available under convertible note - based on the treasury stock method using year-end market price, if higher than average market price | * | * | 31,097 | |||||||||
Total shares for diluted earnings per share | 1,943,625 | 1,638,215 | 1,669,312 | |||||||||
Basic Earnings Per Common Share | $ | 2.38 | $ | (.07 | ) | $ | .01 | |||||
Diluted Earnings Per Common Share | $ | 2.38 | $ | (.07 | ) | $ | .01 |
* Net effect of stock options was antidilutive for the period. |