EX-11 7 qex-11.txt Exhibit 11 STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
NET EARNINGS (LOSS) PER SHARE Net earnings (loss) per share is calculated as follows: (in thousands, except per share data) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ---------------------------------- ----------------------------------- 2001 2000 2001 2000 --------------- ---------------- ---------------- ----------------- $ 534 $ (2,029) $ (3,408) $ (7,255) Net income (loss) =============== ================ ================ ================= BASIC: Weighted average common shares outstanding 10,625 10,357 10,543 10,214 =============== ================ ================ ================= Net earnings (loss) per common share $ 0.05 $ (0.20) $ (0.32) $ (0.71) =============== ================ ================ ================= DILUTED: Weighted average common shares outstanding 10,625 10,357 10,543 10,214 Effect of dilutive securities: Convertible notes - - - - Stock options 218 - - - Warrants 9 - - - --------------- ---------------- ---------------- ----------------- Weighted average common and common equivalent shares outstanding 10,852 10,357 10,543 10,214 =============== ================ ================ ================= Net earnings (loss) per common and common equivalent share $ 0.05 $ (0.20) $ (0.32) $ (0.71) =============== ================ ================ =================