Exhibit 11. Earnings per share


ALICO, INC.
Computation of Earnings per share
(in thousands except per share data)
           
           
 
 For the three months ended
 
 November 30,
     
2005
    
2004
  
Net income
  
$
1,153
  
$
965
  
Weighted shares outstanding
    
7,369
   
7,312
 
               
Basic earnings per share
  
$
0.16
  
$
0.13
  
               
               
Dilutive securities
   
16
   
71
 
               
Weighted shares, diluted
    
7,385
   
7,383
 
               
Fully diluted Earnings per share
  
$
0.16
  
$
0.13
  
               
(Net income divided by dilutive shares)