FORM 10-Q FOR THE QUARTER ENDED SEPTERMBER 30, 2003
EXHIBIT 11.01
COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
| Three Months Ended September 30, |
Nine Months Ended September 30, |
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| 2003 |
2002 |
2003 |
2002 |
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| Earnings: |
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| Net loss available to common stock |
$ | (1,147 | ) | $ | (4,489 | ) | $ | (18,110 | ) | $ | (4,571 | ) | ||||
| Shares: |
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| Weighted average common shares outstanding |
27,990 | 27,862 | 27,937 | 27,859 | ||||||||||||
| Dilutive effect of stock options |
— | — | — | — | ||||||||||||
| Average diluted shares outstanding and equivalents |
27,990 | 27,862 | 27,937 | 27,859 | ||||||||||||
| Basic earnings per common share: |
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| Net loss |
$ | (0.04 | ) | $ | (0.16 | ) | $ | (0.65 | ) | $ | (0.16 | ) | ||||
| Diluted earnings per common share: |
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| Net loss |
$ | (0.04 | ) | $ | (0.16 | ) | $ | (0.65 | ) | $ | (0.16 | ) | ||||