EX-11.1 3 j4210_ex11d1.htm EX-11.1

 

Exhibit 11.1

II.                                     Computation of Earnings Per Share

 

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for income from continuing operations:

 

U.S. dollars in thousands except share and per share data

 

Income (Numerator)

 

Shares (Denominator)

 

Per Share Amount

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2002

 

 

 

 

 

 

 

Basic loss per share

 

 

 

 

 

 

 

Loss available to common shareholders

 

$

(19,241

)

11,857,618

 

$

(1.62

)

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

Class A Warrants

 

 

 

—

 

 

 

Director and Employee Options

 

 

 

—

 

 

 

Class B Warrants

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(19,241

)

11,857,618

 

$

(1.62

)

Loss available to common shareholders

 

$

(19,241

)

11,857,618

 

$

(1.62

)

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2001

 

 

 

 

 

 

 

Basic loss per share

 

 

 

 

 

 

 

Loss available to common shareholders

 

$

(5,915

)

11,787,725

 

$

(0.50

)

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

Class A Warrants

 

 

 

—

 

 

 

Director and Employee Options

 

 

 

—

 

 

 

Class B Warrants

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(5,915

)

11,787,725

 

$

(0.50

)

Loss available to common shareholders

 

$

(5,915

)

11,787,725

 

$

(0.50

)