EX-11.1 3 w50863ex11-1.htm COMPUTATION OF EARNINGS PER SHARE-BASIC ex11-1

Exhibit 11

Computation of Earnings Per Share
(Unaudited)

Basic Earnings Per Share

                                 
Three Months Ended Six Months Ended
June 30, June 30,
1999 1998 1999 1998




(Restated) (Restated)
Weighted average shares outstanding – basic 26,437,347 26,592,383 26,418,217 26,643,344
Net income $ 1,905,962 $ 3,019,143 $ 4,699,710 $ 4,425,059




Basic net income per share $ 0.07 $ 0.11 $ 0.18 $ 0.17




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