EX-11.1 3 ex-11_1.txt EXHIBIT 11.1 COMPUTATION OF EARNINGS PER SHARE - EXHIBIT 11.1 (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) (UNAUDITED)
BASIC INCOME (LOSS) PER COMMON SHARE: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, -------------------------- --------------------------- 2000 1999 2000 1999 ----------- ----------- ----------- ----------- Net income (loss) $ (7,542) $ 910 $ (9,584) $ (2,403) =========== =========== =========== =========== Weighted average shares outstanding 22,480,071 22,480,071 22,480,071 22,479,755 =========== =========== =========== =========== Income (loss) per common share $ (0.34) $ 0.04 $ (0.43) $ (0.11) =========== =========== =========== ===========
DILUTED INCOME (LOSS) PER COMMON SHARE:
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, -------------------------- --------------------------- 2000 1999 2000 1999 ----------- ----------- ----------- ----------- Net income (loss) $ (7,542) $ 910 $ (9,584) $ (2,403) =========== =========== =========== =========== Weighted average shares outstanding 22,480,071 22,480,071 22,480,071 22,479,755 Effect of dilutive shares-stock options - 19,417 - - ----------- ----------- ----------- ----------- Total weighted average dilutive shares 22,480,071 22,499,488 22,480,071 22,479,755 =========== =========== =========== =========== Income (loss) per common share $ (0.34) $ 0.04 $ (0.43) $ (0.11) =========== =========== =========== ===========