FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2002
EXHIBIT 11.01
COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE
| Three Months Ended | |||||||||
| March 31, | |||||||||
| 2002 | 2001 | ||||||||
|
Earnings:
|
|||||||||
|
Net income (loss) available to common stock
|
$ | 499 | $ | (10,826 | ) | ||||
|
Shares:
|
|||||||||
|
Weighted average common shares outstanding
|
27,857 | 27,815 | |||||||
|
Dilutive effect of stock options
|
31 | 0 | |||||||
|
Average diluted shares outstanding and equivalents
|
27,888 | 27,815 | |||||||
|
Basic earnings per common share:
|
|||||||||
|
Net income (loss)
|
$ | 0.02 | $ | (0.39 | ) | ||||
|
Diluted earnings per common share:
|
|||||||||
|
Net income (loss)
|
$ | 0.02 | $ | (0.39 | ) | ||||