EX-11.01 2 ex11-01.txt RECONCILIATION OF EARNINGS PER SHARE 1 EXHIBIT 11.01 RECONCILIATION OF NET (INCOME) LOSS AND PRO FORMA EARNINGS PER COMMON SHARE AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA (UNAUDITED)
SIX SIX THREE THREE MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED JUNE 30, JUNE 30, JUNE 30, JUNE 30, 1999 2000 1999 2000 -------------- -------------- -------------- ------------- EARNINGS (LOSS) PER SHARE Basic net income (loss) per share: NUMERATOR: Basic net income (loss) ($73,275) $9,377 $7,152 $9,463 ============== ============== ============== ============= DENOMINATOR: Basic weighted average shares outstanding 34,836,094 45,194,597 37,168,280 45,201,185 ============== ============== ============== ============= Basic net income (loss) per share ($2.10) $0.21 $0.19 $0.21 ============== ============== ============== ============= Diluted earnings (loss) per share: NUMERATOR: Basic net income (loss) ($73,275) $9,377 $7,152 $9,463 Dilutive effect of TIDES securities, net of taxes - 2,344 - 1,172 -------------- -------------- -------------- ------------- Diluted net income (loss) ($73,275) $11,721 $7,152 $10,635 ============== ============== ============== ============= DENOMINATOR: Weighted average shares outstanding 34,836,094 45,194,597 37,168,280 45,201,185 Dilutive effect of options 414,886 297,568 414,886 305,275 Dilutive effect of weighted average outstanding of TIDES securities 2,841,000 2,841,000 -------------- -------------- -------------- ------------- Dilutive weighted average shares outstanding 35,250,980 48,333,165 37,583,166 48,347,460 ============== ============== ============== ============= Diluted earnings (loss) per share ($2.08) $0.24 $0.19 $0.22 =============================================== ============= If anti-dilutive, use Basic Anti-dilutive Anti-dilutive Anti-dilutive PRO FORMA DATA: Basic pro forma income (loss) per share: NUMERATOR: Pro forma net income $7,405 ============== DENOMINATOR: Weighted average shares outstanding 34,836,094 ============== Basic pro forma earnings per share $0.21 ============== Diluted pro forma earnings per share: NUMERATOR: Pro forma net income $7,405 ============== DENOMINATOR: Weighted average shares outstanding 34,836,094 Dilutive effect of options 414,886 -------------- Dilutive weighted average shares outstanding 35,250,980 ============== Diluted pro forma earnings per share $0.21 If anti-dilutive, use Basic
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