FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2003
EXHIBIT 11.01
COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
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Three Months Ended |
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2003 |
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2002 |
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| Earnings: |
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| Net (loss) income available to common stock |
|
$ |
(7,128 |
) |
$ |
499 |
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| Shares: |
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| Weighted average common shares outstanding |
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|
27,911 |
|
|
27,857 |
|
| Dilutive effect of stock options |
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|
— |
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|
31 |
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| Average diluted shares outstanding and equivalents |
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|
27,911 |
|
|
27,888 |
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| Basic earnings per common share: |
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|
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|
|
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| Net (loss) income |
|
$ |
(0.26 |
) |
$ |
0.02 |
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|
|
|
|
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| Diluted earnings per common share: |
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|
|
|
|
|
|
| Net (loss) income |
|
$ |
(0.26 |
) |
$ |
0.02 |
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|
|
|
|
|
|
|
|
45