EX-11.1 3 v023223_ex11-1.htm Unassociated Document
EXHIBIT 11.1

FLOTEK INDUSTRIES, INC.

COMPUTATION OF NET INCOME (LOSS)
PER COMMON SHARE
           
   
Three Months Ended June 30,
  
Six Months Ended June 30,
  
   
2005
 
2004
 
2005
 
2004
  
                      
Net income applicable to common stock for basic and diluted computations 
  
$
1,988,839
  
$
441,883
  
$
3,456,561
  
$
675,873
  
                           
Basic and diluted earnings per common share:
                          
Basic earnings per common share
  
$
0.29
  
$
0.07
  
$
0.51
  
$
0.10
  
Diluted earnings per common share
  
$
0.26
  
$
0.06
  
$
0.46
  
$
0.10
  
                           
Weighted average common shares used in computing basic earnings per common share
    
6,803,846
    
6,662,939
    
6,770,904
    
6,644,363
  
                           
Weighted average common shares used in computing diluted earnings per common share
    
7,618,698
    
6,918,077
    
7,552,372
    
6,881,946