EX-11 6 y60737ex11.txt COMPUTATION Exhibit 11 COMPUTATION OF EARNINGS PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED MARCH 31, 2002 2001 -------- -------- Basic Earnings Income before discontinued operations .................. $ 368 $ 9,430 Income from discontinued operations, net of income taxes 406 176 -------- -------- Net earnings ........................................ $ 774 $ 9,606 ======== ======== Shares: Weighted average number of common shares outstanding .................................. 44,877 44,902 ======== ======== Basic earnings per common share: Income before discontinued operations .................. $ 0.01 $ 0.21 Income from discontinued operations, net of income taxes 0.01 0.00 -------- -------- Net earnings ........................................ $ 0.02 $ 0.21 ======== ======== DILUTED EARNINGS Income before discontinued operations .................. $ 368 $ 9,430 Income from discontinued operations, net of income taxes 406 176 -------- -------- Net earnings as adjusted ............................ $ 774 $ 9,606 ======== ======== Shares: Weighted average number of common shares outstanding .................................. 44,877 44,902 Options issued ......................................... 1,918 1,420 -------- -------- Weighted average number of common shares outstanding as adjusted ...................... 46,795 46,322 ======== ======== Diluted earnings per common share: Income before extraordinary items ...................... $ 0.01 $ 0.21 Extraordinary items - loss on discharge of indebtedness 0.01 0.00 -------- -------- Net earnings ........................................ $ 0.02 $ 0.21 ======== ========