EX-11 2 exhibit.htm EXHIBIT 11 Petroleum Development Corporation

Petroleum Development Corporation

Index to Exhibits
     

11

Schedule of Computation of Net Income Per Share

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PETROLEUM DEVELOPMENT CORPORATION AND SUBSIDIARIES

EXHIBIT 11

SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE

 

 
 

              Years Ended December 31,           

BASIC

      2000    

     1999      

       1998     
       

Net income for basic income

 per common share


$ 10,681,000 


7,824,300 


6,658,000 
       

Weighted average number  of common

 shares outstanding during the year


16,157,532 


15,734,063 


15,505,680 
       

Basic earnings per share

$       .66 

$     .50 

$      .43 
       

DILUTED

      
       

Net income for basic earnings per

 common share

$10,681,000 

7,824,300 

6,658,000 
       

      Net income for diluted

       earnings per share


$10,681,000 


7,824,300 


6,658,000 
       

      Weighted average number of shares

       used in calculating basic

       earnings per common share



16,157,532 



15,734,063 



15,505,680 
       

  Shares issuable for diluted

   calculation

279,956 

552,789 

832,618 
       

       Weighted average number of

        shares used in calculation of

        diluted earnings per share



16,437,488 



16,286,852 



16,338,298 
       

Diluted earnings per share

$       .65 

$       .48 

$      .41 
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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