EXHIBIT 11 |
||||||||
ALICO, INC. | ||||||||
Computation of Earnings per share | ||||||||
(in thousands except per share data) | ||||||||
For the three months |
For the year | |||||||
ended August 31, |
ended August 31, | |||||||
2004 |
|
2003 |
|
2004 |
|
2003 | ||
Net income |
$2,680 |
|
$ 9,546 |
|
$ 17,813 |
|
$ 12,659 | |
Weighted shares outstanding |
|
7,288 |
|
7,111 |
|
7,219 |
|
7,106 |
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ 0.37 |
|
$ 1.34 |
|
$ 2.47 |
|
$ 1.78 |
|
|
|
|
|
|
|
|
|
(Net income divided by shares outstanding) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive securities (options outstanding) |
|
76 |
|
150 |
|
76 |
|
150 |
|
|
|
|
|
|
|
|
|
Weighted shares, diluted |
|
7,364 |
|
7,261 |
|
7,295 |
|
7,256 |
|
|
|
|
|
|
|
|
|
Fully diluted Earnings per share |
|
$ 0.36 |
|
$ 1.31 |
|
$ 2.44 |
|
$ 1.74 |
|
|
|
|
|
|
|
|
|
(Net income divided by dilutive shares) |