Exhibit 11.1
Cornell Corrections, Inc.
Statement Re: Computation of Per Share Earnings
(in thousands except per share amounts)
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Three Months Ended March 31, |
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2003 |
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2002 |
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Basic |
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Diluted |
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Basic |
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Diluted |
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Net Earnings (loss) |
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$ |
1,957 |
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$ |
1,957 |
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$ |
(330 |
) |
$ |
(330 |
) |
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Shares used in computing net earnings per share: |
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Weighted average common shares and common share equivalents |
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14,240 |
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14,240 |
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14,062 |
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14,062 |
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Less treasury shares |
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(1,456 |
) |
(1,456 |
) |
(1,110 |
) |
(1,110 |
) |
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Effect of shares issuable under stock options and warrants based on the treasury stock method |
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— |
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156 |
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— |
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0 |
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12,784 |
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12,940 |
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12,952 |
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12,952 |
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Net earnings (loss) per share |
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$ |
0.15 |
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$ |
0.15 |
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$ |
(0.03 |
) |
$ |
(0.03 |
) |