ALICO, INC.
Computation of Earnings per share
(in thousands except per share data)
                   
                   
   
For the three months ended
 
For the six months ended
 
   
February 29,
 
February 28,
 
February 29,
 
February 28,
 
   
2004
 
2003
 
2004
 
2003
 
Net income
 
$
12,744
 
$
789
 
$
12,793
 
$
1,048
 
Weighted shares outstanding
   
7,180
   
7,108
   
7,161
   
7,102
 
                           
Basic earnings per share
 
$
1.77
 
$
0.11
 
$
1.79
 
$
0.15
 
(Net income divided by shares outstanding)
                         
                           
Dilutive securities
                         
(options outstanding)
   
156
   
156
   
156
   
156
 
                           
Weighted shares, diluted
   
7,336
   
7,264
   
7,317
   
7,258
 
                           
Fully diluted Earnings per share
 
$
1.74
 
$
0.11
 
$
1.75
 
$
0.14
 
(Net income divided by dilutive shares)