EX-11.1 2 dex111.htm COMPUTATION IN SUPPORT OF EARNINGS PER SHARE Computation in Support of Earnings per Share

Exhibit 11.1

 

UNITIL CORPORATION

 

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

 

     Year Ended December 31,
     2009    2008    2007

EARNINGS PER SHARE (000’s, except per share data)

         

Net Income

    $ 10,049    $ 9,735    $ 8,746

Less: Dividend Requirements on Preferred Stock

      134      135      136
                    

Net Income Applicable to Common Stock

    $ 9,915    $ 9,600    $ 8,610
                    

Average Number of Common Shares Outstanding—Basic

      9,647      5,830      5,659

Dilutive Effect of Stock Options and Restricted Stock

      —      —      13

Average Number of Common Shares Outstanding—Diluted

      9,647      5,830      5,672

Earnings Per Share—Basic

    $ 1.03    $ 1.65    $ 1.52

Earnings Per Share—Diluted

    $ 1.03    $ 1.65    $ 1.52