EX-11.1 8 dex111.txt STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11.1
Basic Diluted EPS number EPS number Net Adjusted Net Basic Diluted of shares of shares Income Income EPS EPS ------------------------------------------------------------------------------------------ Twelve Months ended December 31, 2000 8,990,605 9,684,752 $ 5,201,446 $ 5,201,446 $ 0.58 $ 0.54 Twelve Months ended December 31, 2001 9,203,224 9,203,224 $ (2,534,691) $ (2,534,691) $ (0.28) $ (0.28) Twelve Months ended December 31, 2002 9,399,374 9,611,108 $ 5,001,480 $ 5,001,480 $ 0.53 $ 0.52
TWELVE MONTHS ENDED DECEMBER 31, 2000
Basic Diluted -------------- ------------- Average Shares Outstanding 8,990,605 8,990,605 Options - Plan 1 18,934 Average Option Price $ 2.33 Total Exercise Cost $ 44,116 Shares Repurchased 2,650 Net Shares from Option - Plan 1 16,284 Options - Plan 2 202,861 Average Option Price $ 2.56 Total Exercise Cost $ 519,324 Shares Repurchased 31,191 Net Shares from Option - Plan 2 171,670 Options - Plan 3 553,528 Average Option Price $ 6.11 Total Exercise Cost $ 3,382,056 Shares Repurchased 203,126 Net Shares from Option - Plan 3 350,402 Options - Plan 4 53,631 Average Option Price $ 15.02 Total Exercise Cost $ 805,538 Shares Repurchased 48,381 Net Shares from Option - Plan 4 5,250 Options - EFA Non-qualified 84,754 Average Option Price $ 10.13 Total Exercise Cost $ 858,558 Shares Repurchased 51,565 Net Shares from Option - EFA Non-qualified 33,189 Options - CGB Qualified 160,652 Average Option Price $ 10.00 Total Exercise Cost $ 1,606,520 Shares Repurchased 96,488 Net Shares from Option - CGB Qualified 64,164 Options - CGB Non-Qualified 82,714 Average Option Price $ 10.62 Total Exercise Cost $ 878,423 Shares Repurchased 52,758 Net Shares from Option - CGB Non-Qualified 29,956 Stock Appreciation Rights 87,911 Average SAR Price $ 12.25 Total Exercise Cost $ 1,076,910 Shares Repurchased 64,679 Net Shares from SARS 23,232 -------------- ------------- Gross Shares 8,990,605 9,684,752 Price $ 16.65
119 TWELVE MONTHS ENDED DECEMBER 31, 2001
Basic Diluted -------------- ------------- Average Shares Outstanding 9,203,224 9,203,224 Options - Plan 2 158,830 Average Option Price $ 2.63 Total Exercise Cost $ 417,723 Shares Repurchased 32,840 Net Shares from Option - Plan 2 - Options - Plan 3 516,145 Average Option Price $ 6.68 Total Exercise Cost $ 3,447,849 Shares Repurchased 271,057 Net Shares from Option - Plan 3 - Options - Plan 4 300,045 Average Option Price $ 13.54 Total Exercise Cost $ 4,062,609 Shares Repurchased 319,388 Net Shares from Option - Plan 4 - Options - EFA Non-qualified 85,500 Average Option Price $ 10.19 Total Exercise Cost $ 871,245 Shares Repurchased 68,494 Net Shares from Option - EFA Non-qualified - Options - CGB Qualified 70,279 Average Option Price $ 10.33 Total Exercise Cost $ 725,982 Shares Repurchased 57,074 Net Shares from Option - CGB Qualified - Options - CGB Non-Qualified 72,732 Average Option Price $ 10.56 Total Exercise Cost $ 768,050 Shares Repurchased 60,381 Net Shares from Option - CGB Non-Qualified - Options - Moneta 175,879 Average Option Price $ 12.50 Total Exercise Cost $ 2,198,488 Shares Repurchased 172,837 Net Shares from Option - Moneta - Stock Appreciation Rights 100,604 Average SAR Price $ 12.55 Total Exercise Cost $ 1,262,580 Shares Repurchased 99,259 Net Shares from SARS - -------------- ------------- Gross Shares 9,203,224 9,203,224 Price $ 12.72
120 TWELVE MONTHS ENDED DECEMBER 31, 2002
Basic Diluted -------------- ------------- Average Shares Outstanding 9,399,374 9,399,374 Options - Plan 2 57,455 Average Option Price $ 3.14 Total Exercise Cost $ 180,409 Shares Repurchased 16,876 Net Shares from Option - Plan 2 40,579 Options - Plan 3 452,541 Average Option Price $ 6.90 Total Exercise Cost $ 3,122,533 Shares Repurchased 292,098 Net Shares from Option - Plan 3 160,443 Options - Plan 5 54,032 Average Option Price $ 9.52 Total Exercise Cost $ 514,385 Shares Repurchased 48,118 Net Shares from Option - Plan 5 5,914 Options - EFA Non-qualified 85,500 Average Option Price $ 10.18 Total Exercise Cost $ 870,390 Shares Repurchased 81,421 Net Shares from Option - EFA Non-qualified 4,079 Options - CGB Qualified 40,495 Average Option Price $ 10.59 Total Exercise Cost $ 428,842 Shares Repurchased 40,116 Net Shares from Option - CGB Qualified 379 Options - CGB Non-Qualified 45,552 Average Option Price $ 10.61 Total Exercise Cost $ 483,307 Shares Repurchased 45,211 Net Shares from Option - CGB Non-Qualified 341 -------------- ------------- Gross Shares 9,399,374 9,611,108 Price $ 10.69
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