EX-11.1 4 dex111.txt STATEMENT REGARDING COMPUTATION EXHIBIT 11.1 SCHEDULE REGARDING COMPUTATION OF PER SHARE EARNINGS (000'S EXCEPT PER SHARE DATA)
THREE MONTHS ENDED MARCH 31, YEAR ENDED --------------- ---------------------------- 2001 2000 2000 1999 1998 ------- ------ ------- ------- -------- Net income $ 3,013 $1,212 $ 5,626 $(7,092) $(21,821) Less preferred stock dividends -- (525) (2,100) (1,606) -- ------- ------ ------- ------- -------- Income available to common stockholders - basic $ 3,013 $ 687 $ 3,526 $(8,698) $(21,821) ======= ====== ======= ======= ======== Plus preferred stock dividends -- -- 2,100 -- -- ------- ------ ------- ------- -------- Income available to common stockholders - diluted $ 3,013 $ 687 $ 5,626 $(8,698) $(21,821) ======= ====== ======= ======= ======== Basic weighted average shares outstanding 10,008 7,342 6,851 8,032 8,057 Common equivalent shares: Dilutive stock options 71 10 6 -- -- Dilutive warrants 83 -- -- -- -- Convertible preferred stock -- -- 4,286 -- -- ------- ------ ------- ------- -------- Diluted weighted average shares outstanding 10,162 7,352 11,143 8,032 8,057 ======= ====== ======= ======= ======== Basic earnings (loss) per share $ 0.30 $ 0.09 $ 0.51 $ (1.08) $ (2.71) ======= ====== ======= ======= ======== Diluted earnings (loss) per share $ 0.30 $ 0.09 $ 0.50 $ (1.08) $ (2.71) ======= ====== ======= ======= ========