EX-11.1 3 ex11-1.txt EARNINGS PER SHARE CALCULATION 1 STERLING CHEMICALS HOLDINGS, INC. EXHIBIT 11.1 EARNINGS PER SHARE COMPUTATION (Amounts in thousands, except per share data)
THREE MONTHS ENDED NINE MONTHS ENDED JUNE 30, JUNE 30, ---------------------- ---------------------- 2000 1999 2000 1999 -------- -------- -------- -------- BASIC EARNINGS PER SHARE Weighted average number of shares of common stock outstanding 12,690 12,516 12,651 12,469 Net income (loss) $ 575 $(16,415) $ (6,486) $(54,335) Less: preferred dividend requirements and accretion (751) (672) (2,208) (1,975) Plus: depreciation (appreciation) of value of Released Shares (431) -- (431) 1,048 -------- -------- -------- -------- Net loss used in basic loss per share $ (607) $(17,087) $ (9,125) $(55,262) ======== ======== ======== ======== BASIC LOSS PER SHARE $ (0.05) $ (1.37) $ (0.72) $ (4.43) ======== ======== ======== ======== DILUTED EARNINGS PER SHARE Weighted average number of shares of common stock outstanding 12,690 12,516 12,651 12,469 Net income (loss) $ 575 $(16,415) $ (6,486) $(54,335) Less: preferred dividend requirements and accretion (751) (672) (2,208) (1,975) Plus: depreciation (appreciation) of value of Released Shares (431) -- (431) 1,048 -------- -------- -------- -------- Net loss used in diluted loss per share $ (607) $(17,087) $ (9,125) $(55,262) ======== ======== ======== ======== DILUTED LOSS PER SHARE $ (0.05) $ (1.37) $ (0.72) $ (4.43)