EX-11.1 3 dex111.htm STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Statement Regarding Computation of Per Share Earnings

Exhibit 11.1

 

Statement Regarding Computation of Earnings Per Share

 

     Year Ended September 30
  
     2003
     2002
     2001
  

Basic

                     

Income (loss) available to common shareholders

    $ (3,920 )   4,558     (9,738 )
    
 
 

Weighted average shares

      824     731     698  
    
 
 

Net earnings (loss) per share available to common shareholders

    $ (4.76 )   6.24     (13.95 )
    
 
 

Diluted

                     

Income (loss) available to common shareholders

    $ (3,920 )   4,558     (9,738 )

Effect of dilutive securities:

                     

Interest on convertible debenture

      —       106     —    

Change in fair value of derivative features

      —       (90 )   —    
    
 
 

Net earnings (loss) available to common shareholders as adjusted

    $ (3,920 )   4,574     (9,738 )
    
 
 

Weighted average shares:

                     

Outstanding

      824     731     698  

Convertible debenture

      —       376     —    
    
 
 
       824     1,107     698  
    
 
 

Net earnings (loss) per share available to common shareholders

    $ (4.76 )   4.13     (13.95 )