EX-11 2 a2042904zex-11.txt EXHIBIT 11 EXHIBIT 11 CALCULATION OF BASIC EARNINGS PER SHARE
Six Months Ended December 31 Year Ended June 30 ----------------------------------------------------------------------------------------- 2000 1999 2000 1999 1998 ---- ---- ---- ---- ---- Net (loss) earnings $(6,302,000) $6,110,000 $9,788,000 $22,733,000 $22,610,000 =========== ========== ========= ========== ========== Weighted average number of common shares outstanding 22,624,000 $22,563,000 22,583,000 22,524,000 22,376,000 ========== =========== ========== ========== ========== Basic (loss) earnings per share $(.28) $.27 $.43 $1.01 $1.01 ====== ==== ==== ===== =====
CALCULATION OF DILUTED EARNINGS PER SHARE
Six Months Ended December 31 Year Ended June 30 ---------------------------------------------------------------------------------------- 2000 1999 2000 1999 1998 ---- ---- ---- ---- ---- Net (loss) earnings $(6,302,000) $6,110,000 $9,788,000 $22,733,000 $22,610,000 =========== ========== ========= ========== ========== Weighted average number of common shares outstanding 22,624,000 22,563,000 22,583,000 22,524,000 22,376,000 Dilutive effect of stock options outstanding after application of treasury stock method 4,000 62,000 41,000 208,000 453,000 ----- ------ ------ ------- ------- Adjusted weighted average shares 22,628,000 22,625,000 22,624,000 22,732,000 22,829,000 ========== ========== ========== ========== ========== Diluted (loss) earnings per share $(.28) $.27 $.43 $1.00 $.99 ===== ==== ==== ===== ====
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