EX-1 2 0002.txt EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE In thousands of dollars, except per share data Six months ended June 30, 2000 1999 Numerator: Net income (loss) $ (8,167) $93,764 Effect of dilutive securities: Eller put/call option agreement -- (2,334) Convertible debt -- 2.625% issued in 1998 4,905 * 5,687 Convertible debt -- 1.5% issued in 1999 4,875 * -- LYONS -- 1996 issue (241)* -- LYONS -- 1998 issue 2,271 * -- Less: Anti-dilutive items (11,810) - Numerator for net income (loss) per common share - diluted $ (8,167) $ 97,117 Denominator: Weighted average common shares 338,871 287,012 Effect of dilutive securities: Stock options and common stock warrants 10,280 * 5,129 Eller put/call option agreement -- 1,693 Convertible debt -- 2.625% issued in 1998 9,282 * 9,282 Convertible debt -- 1.5% issued in 1999 9,454 * -- LYONS -- 1996 issue 3,872 * -- LYONS -- 1998 issue 3,085 * -- Less: Anti-dilutive items (25,693) - Denominator for net income (loss) per common share - diluted 338,871 303,116 Net income (loss) per common share: Basic $ (.02) $ .33 Diluted $ (.02) $ .32 * Denotes items that are anti-dilutive to the calculation of earnings per share.