Exhibit 11. Earnings per share

 

ALICO, INC.
Computation of Earnings per share
(in thousands except per share data)
                   
                           
 
 
 For the three months ended
 
 For the nine months ended
 
 May 31,
 
 May 31,
     
2005
   
2004
   
2005
   
2004
 
Net income
 
$
2,615
 
$
2,340
 
$
3,569
 
$
15,133
 
Weighted shares outstanding
   
7,327
   
7,263
   
7,318
   
7,195
 
                           
Basic earnings per share
 
$
0.36
 
$
0.32
 
$
0.49
 
$
2.10
 
                           
(Net income divided by shares outstanding)
                         
                           
Dilutive securities (options outstanding)
   
16
   
113
   
16
   
113
 
                           
Weighted shares, diluted
   
7,343
   
7,376
   
7,334
   
7,308
 
                           
Fully diluted Earnings per share
 
$
0.36
 
$
0.32
 
$
0.49
 
$
2.07
 
                           
(Net income divided by dilutive shares)