Cornell Corrections, Inc.

Statement Re:  Computation of Per Share Earnings

(in thousands except per share amounts)

		Three Months Ended June 30,												Six Months Ended June 30,
		2003						2002						2003						2002
		Basic			Diluted			Basic			Diluted			Basic			Diluted			Basic			Diluted
Net Earnings		$	2,177		$	2,177		$	1,974		$	1,974		$	4,133		$	4,133		$	1,646		$	1,646
Shares used in computing net earnings per share: Weighted average common shares and ommon share equivalents		14,340			14,340			14,121			14,121			14,290			14,291			14,091			14,091
Less treasury shares		(1,486		)	(1,486		)	(1,117		)	(1,117		)	(1,473		)	(1,473		)	(1,113		)	(1,113		)
Effect of shares issuable under stock options and warrants based on the treasury stock method		—			319			—			303			—			237			—			428
		12,854			13,173			13,004			13,307			12,817			13,055			12,978			13,406
Net earnings per share		$	0.17		$	0.17		$	0.15		$	0.15		$	0.32		$	0.32		$	0.13		$	0.12