EXHIBIT 11
 
 
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,

 

 

May 31,

 

 

May 31,

 

 

 

 

2004

 

 

2003

 

 

2004

 

 

2003
 
 
Net income
 
 
$
2,340
 
$
2,065
 
$
15,133
 
$
3,113
 
 
Weighted shares outstanding
 
   
7,263
   
7,110
   
7,195
   
7,105
 
                           
 
Basic Earnings per share
 
 
$
0.32
 
$
0.29
 
$
2.10
 
$
0.44
 
 
(Net income divided by shares outstanding)
 
                         
                           
 
Dilutive securities (options outstanding)
 
   
113
   
156
   
113
   
156
 
                           
 
Weighted shares, diluted
 
   
7,376
   
7,266
   
7,308
   
7,261
 
                           
 
Fully diluted Earnings per share
 
 
$
0.32
 
$
0.28
 
$
2.07
 
$
0.43
 
 
(Net income dividied by dilutive shares)