EX-11.1 3 d262242dex111.htm COMPUTATION IN SUPPORT OF EARNINGS PER SHARE FOR THE COMPANY 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,  
     2011      2010      2009  

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

         

Net Income

    $ 16,439       $ 9,616       $ 10,049   

Less: Dividend Requirements on Preferred Stock

      131         132         134   
  

 

 

     

 

 

     

 

 

  

Net Income Applicable to Common Stock

    $ 16,308       $ 9,484       $ 9,915   
  

 

 

     

 

 

     

 

 

  

Average Number of Common Shares Outstanding—Basic

      10,880         10,823         9,647   

Dilutive Effect of Stock Options and Restricted Stock

      3         1         —   

Average Number of Common Shares Outstanding—Diluted

      10,883         10,824         9,647   

Earnings Per Share—Basic

    $ 1.50       $ 0.88       $ 1.03   

Earnings Per Share—Diluted

    $ 1.50       $ 0.88       $ 1.03