EX-11.1 4 c29278_ex11-1.txt EXHIBIT 11.1 COMPUTATION OF EARNINGS (LOSS) PER SHARE (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA) YEAR ENDED JUNE 30, 2003 2002 2001 ---------------------------------- AVERAGE COMMON SHARES OUTSTANDING 1,105 1,052 1,291 AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING 1,109 1,061 1,319 NET LOSS FROM CONTINUING OPERATIONS APPLICABLE TO COMMON STOCK $ (202) $ (511) $ (355) LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS: Basic $(0.18) $(0.49) $(0.27) Diluted (1) $(0.18) $(0.49) $(0.27) NET EARNINGS FROM DISCONTINUED OPERATIONS APPLICABLE TO $ 127 $ 16 $ 161 COMMON STOCK EARNING PER COMMON SHARE FROM DISCONTINUED OPERATIONS: Basic $ 0.11 $ 0.02 $ 0.12 Diluted $ 0.11 $ 0.02 $ 0.12 NET LOSS APPLICABLE TO COMMON STOCK $ (75) $ (495) $ (194) TOTAL LOSS PER COMMON SHARE: Basic $(0.07) $(0.47) $(0.15) Diluted (1) $(0.07) $(0.47) $(0.15) (1) For total loss per common share and loss per common share from continuing operations, the effect of potentially dilutive stock options and warrants has not been computed for any period presented because the effect would be anti-dilutive. Diluted common equivalent shares outstanding have been disclosed solely for purposes of calculating diluted earnings per share from discontinued operations