EX-11.1 2 ex11-1.htm STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE ex11-1.htm
Exhibit 11.1

INTERNATIONAL COAL GROUP, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
 
   
Year ended December 31,
  
 
  
2010
    
2009
    
2008
  
Basic Earnings Per Share
  
                      
Net Income (Loss) Available to Common Stockholders
  
$
30,111
    
$
21,458
    
$
(26,227
)
Weighted-Average Shares of Common Stock
  
  
197,366,978
      
153,630,446
      
152,632,586
  
Basic Earnings Per Share
  
$
0.15
    
$
0.14
    
$
(0.17
)
                         
Diluted Earnings Per Share
  
                      
Net Income (Loss) Available to Common Stockholders
  
$
30,111
    
$
21,458
    
$
(26,227
)
Weighted-Average Shares of Common Stock and Other Potentially Dilutive Securities Outstanding:
  
                      
Common Stock
  
  
197,366,978
      
153,630,446
      
152,632,586
  
Incremental Shares Under Stock Compensation Plans and Issuable Upon Conversion of Convertible Notes(1)
  
  
1,441,933
      
1,755,817
      
—  
  
Convertible Senior Notes
    
6,475,088
      
—  
      
—  
  
Total
  
  
205,283,999
      
155,386,263
      
152,632,586
  
                         
Diluted Earnings Per Share
  
$
0.15
    
$
0.14
    
$
(0.17
)
 

(1)
Includes the incremental effect of stock options outstanding computed under the treasury stock method, as applicable.