EX-11.1 3 h87345ex11-1.txt EARNIGS PER SHARE CALCULATION 1 EXHIBIT 11.1 STERLING CHEMICALS HOLDINGS, INC. EARNINGS PER SHARE COMPUTATION (Amounts in thousands, except per share data)
Three Months Ended March 31, Six Months Ended March 31, ---------------------------- ---------------------------- 2001 2000 2001 2000 ------------ ------------ ------------ ------------ BASIC EARNINGS PER SHARE Weighted average number of shares of common stock outstanding 12,782 12,651 12,779 12,632 Net income (loss) $ (52,715) $ 3,301 $ (83,157) $ (7,061) Less: preferred dividend requirements and accretion (820) (738) (1,622) (1,457) ------------ ------------ ------------ ------------ Net income (loss) used in basic loss per share $ (53,535) $ 2,563 $ (84,779) $ (8,518) ============ ============ ============ ============ BASIC INCOME (LOSS) PER SHARE $ (4.19) $ 0.20 $ (6.63) $ (0.67) ============ ============ ============ ============ DILUTED EARNINGS PER SHARE Weighted average number of shares of common stock outstanding 12,782 12,651 12,779 12,632 Effect of dilutive warrants -- 398 -- -- ------------ ------------ ------------ ------------ Total weighted average number of shares outstanding used in diluted income (loss) per share computation 12,782 13,049 12,779 12,632 ------------ ------------ ------------ ------------ Net income (loss) $ (52,715) $ 3,301 $ (83,157) $ (7,061) Less: preferred dividend requirements and accretion (820) (738) (1,622) (1,457) ------------ ------------ ------------ ------------ Net income (loss) used in diluted earning per share $ (53,535) $ 2,563 $ (84,779) $ (8,518) ============ ============ ============ ============ Diluted income (loss) per share $ (4.19) $ 0.20 $ (6.63) $ (0.67) ============ ============ ============ ============