EX-11.1 3 dex111.htm STATEMENT RE: COMPUTATION IN SUPPORT OF EARNINGS PER SHARE FOR THE COMPANY Statement Re: Computation in Support of Earnings per Share For the Company

Exhibit 11.1

 

UNITIL CORPORATION

 

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

 

     Year Ended December 31,  
     2010      2009      2008  

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

         

Net Income

    $ 9,616       $ 10,049       $ 9,735   

Less: Dividend Requirements on Preferred Stock

      132         134         135   
                          

Net Income Applicable to Common Stock

    $ 9,484       $ 9,915       $ 9,600   
                          

Average Number of Common Shares Outstanding—Basic

      10,823         9,647         5,830   

Dilutive Effect of Stock Options and Restricted Stock

      1         —         —   

Average Number of Common Shares Outstanding—Diluted

      10,824         9,647         5,830   

Earnings Per Share—Basic

    $ 0.88       $ 1.03       $ 1.65   

Earnings Per Share—Diluted

    $ 0.88       $ 1.03       $ 1.65