FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2003
EXHIBIT 11.01
COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE
DATA)
(UNAUDITED)
|
|
|
Three Months Ended |
|
Six Months Ended |
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| |
|
||||||||||||
|
|
|
2003 |
|
2002 |
|
2003 |
|
2002 |
| ||||
| |
|
|
|
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| Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss available to common stock |
|
$ |
(9,835 |
) |
$ |
(581 |
) |
$ |
(16,963 |
) |
$ |
(82 |
) |
| |
|
|
|
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| Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
27,911 |
|
|
27,857 |
|
|
27,911 |
|
|
27,857 |
|
| Dilutive effect of stock options |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| |
|
|
|
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| Average diluted shares outstanding and equivalents |
|
|
27,911 |
|
|
27,857 |
|
|
27,911 |
|
|
27,857 |
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.35 |
) |
$ |
(0.02 |
) |
$ |
(0.61 |
) |
$ |
(0.00 |
) |
| |
|
|
|
||||||||||
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.35 |
) |
$ |
(0.02 |
) |
$ |
(0.61 |
) |
$ |
(0.00 |
) |
| |
|
|
|
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