EX-11 46 ex11.txt Exhibit 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS The computation of basic and diluted earnings per common share was as follows for the years ended December 31:
2006 2005 2004 ------------ ------------ ------------ Net income (loss) available to common stockholders................................. $ 1,781 $ 381 $ (14,867) Weighted average number of common shares outstanding.................................. 26,950,000 26,950,000 26,950,000 Effect of warrants............................ 5,118,772 5,118,772 - Weighted average diluted number of common shares outstanding........................... 32,068,772 32,068,772 26,950,000 Basic earnings per share...................... $ 0.07 $ 0.01 $ (0.55) Diluted earnings per share.................... $ 0.06 $ 0.01 $ (0.55)
Warrants to purchase 22,500,000 common shares of FutureFuel Corp. were not included in the computation of diluted earnings per share in 2004 as FutureFuel Corp. reported a net loss for the period and the inclusion of those securities in the computation would have been antidilutive.