EX-11 8 dex11.htm COMPUTATION OF NET INCOME PER ORDINARY SHARE Computation of Net Income Per Ordinary Share

EXHIBIT 11

 

COMPUTATION OF NET INCOME PER ORDINARY SHARE

 

     Year ended December 31,
  
     2002
     2001
     2000
  
     (in thousands except per share amounts)  

Number of ordinary shares

                         

Ordinary shares outstanding, beginning of year

      6,989       6,675       6,675  

Ordinary shares issued

      —         314       —    
    
 
 

Ordinary shares outstanding, end of year

      6,989       6,989       6,675  
    
 
 

Weighted average shares outstanding during the year

      6,989       6,721       6,675  
    
 
 

Loss from continuing operations

    $ (355 )   $ (29,529 )   $ (566 )

Income from discontinued operations

      17,600       1,966       3,529  
    
 
 

Net income (loss)

    $ 17,245     $ (27,563 )   $ 2,963  
    
 
 

Income (loss) per share:

                         

Continuing operations

    $ (0.05 )   $ (4.39 )   $ (0.08 )

Discontinued operations

      2.52       0.29       0.52  
    
 
 

Income (loss) per share

    $ 2.47     $ (4.10 )   $ 0.44