EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11
EXHIBIT 11

COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share data)


(a) Computation of the weighted average number of shares of common stock outstanding for the fiscal years ended the years ended December 31, 2002, 2003 and 2004.

   
Shares of Common Stock
 
Weighted Shares Outstanding
 
January 1, 2003 to December 31, 2003
   
11,403
   
11,403
 
Shares issued on exercise of stock options
   
-
   
-
 
Shares issued under Directors Stock Plan
   
12
   
7
 
Shares purchased as treasury stock from BellSouth Wireless on March 28, 2003
   
(625
)
 
(476
)
Total
   
10,790
   
10,934
 
January 1, 2004 to December 31, 2004
   
10,790
   
10,790
 
Shares issued on exercise of stock options
   
-
   
-
 
Shares issued under Directors Stock Plan
   
7
   
5
 
Shares issued under Employee Stock Plan
   
5
   
2
 
Shares issued to Laurus Master Fund, Inc. on December 23, 2004
   
10
   
1
 
Total
   
10,812
   
10,798
 
January 1, 2005 to December 31, 2005
   
10,812
   
10,812
 
Shares issued on exercise of stock options
   
-
   
-
 
Shares issued under Directors Stock Plan
   
6
   
4
 
Shares issued under Employee Stock Plan
   
1
   
1
 
Shares issued to Laurus Master Fund, Inc. on December 23, 2005
   
823
   
415
 
Total
   
11,642
   
11,232
 

(b) Computation of Earnings per Share

Computation of earnings per share is net earnings (loss) divided by the weighted average number of shares of common stock outstanding for the years ended December 31, 2003, 2004 and 2005.


 
2003
2004
2005
Net earnings (loss)
($1,404)
($2,079)
$593
Weighted average number of shares of common stock outstanding
10,934
10,798
11,232
Basic loss per share
($0.13)
($0.19)
$0.05
Diluted loss per share
($0.13)
($0.19)
$0.05