EX-11.1 3 w52279ex11-1.txt STATEMENT RE: COMPUTATION OF PER EARNINGS SHARE 1 EXHIBIT 11.1 METROCALL, INC. STATEMENT RE COMPUTATION OF EARNINGS PER SHARE (In thousands, except for per share amounts) (Unaudited)
Three Months Ended June 30, Six Months Ended June 30, 2000 2001 2000 2001 ---- ---- ---- ---- Loss before extraordinary item $ (59,768) $(349,108) $ (98,859) $(406,352) Extraordinary item 15,787 -- 15,787 --------- --------- --------- --------- Net loss (43,981) (349,108) (83,072) (406,352) Preferred dividends (2,299) (2,557) (5,086) (5,033) Exchange inducement on Series C Preferred -- -- (6,308) -- --------- --------- --------- --------- Net loss attributable to common stockholders $ (46,280) $(351,665) $ (94,466) $(411,385) ========= ========= ========= ========= Weighted-average shares outstanding: Shares outstanding, beginning of period 80,353 89,215 41,902 89,215 Shares issued to investors -- -- 13,657 -- Share issued for exercise of stock options -- -- 541 -- Share issued for exercise of stock warrants -- -- 839 -- Shares issued in exchange for series C preferred -- -- 7,729 -- Shares issued for debt retirement 3,002 -- 1,501 -- Shares issued in employee stock purchase plan -- 761 -- 761 --------- --------- --------- --------- Weighted-average shares outstanding 83,355 89,976 66,169 89,976 ========= ========= ========= ========= Basic and diluted loss per share attributable to common stockholders (0.75) (3.91) (1.67) (4.57) Extraordinary item, net of income tax benefit 0.19 -- 0.24 -- Loss per share attributable to common stockholders $ (0.56) $ (3.91) $ (1.43) $ (4.57) ========= ========= ========= =========