EX-11 4 x11dec01.txt EXHIBIT 11 FOR FORM 10-Q FOR PERIOD ENDED DECEMBER 31, 2001 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (Dollars and Shares in thousands, except per share data)
December 31, 2001 December 31, 2000 ----------------- ----------------- BASIC EARNINGS PER SHARE: Weighted average shares outstanding 14,343 14,284 ================= ================= Income from continuing operations $ 5,709 $ 7,132 Loss from discontinued operations (55,906) (8,462) ----------------- ----------------- Net income (loss) $(50,197) $(1,330) ================= ================= Income per share from continuing operations $ 0.40 $ 0.50 Income (loss) per share from discontinued operations $ (3.90) $ (0.59) ----------------- ----------------- Net income (loss) per share $ (3.50) $ (0.09) ================= ================= DILUTED EARNINGS PER SHARE: Basic weighted average shares outstanding 14,343 14,284 Dilutive stock options - based on treasury stock method using the average market price 671 19 ----------------- ----------------- Total shares 15,014 14,303 ================= ================= Income from continuing operations $ 5,709 $ 7,132 Loss from discontinued operations (55,906) (8,462) ----------------- ----------------- Net income (loss) $(50,197) $(1,330) ================= ================= Income per share from continuing operations $ 0.38 $ 0.50 Loss per share from discontinued operations $ (3.72) $ (0.59) ----------------- ----------------- Net income (loss) per share $ (3.34) $ (0.09) ================= =================