Exhibit 11.1

Cornell Corrections, Inc.

Statement Re:  Computation of Per Share Earnings

(in thousands except per share amounts)

		Three Months Ended September 30,												Nine Months Ended September 30,
		2003						2002						2003						2002
		Basic			Diluted			Basic			Diluted			Basic			Diluted			Basic			Diluted
Net Earnings		$	1,442		$	1,442		$	1,793		$	1,793		$	5,661		$	5,661		$	3,438		$	3,438
Shares used in computing net earnings per share:
Weighted average common shares and common share equivalents		14,538			14,538			14,151			14,151			14,374			14,374			14,112			14,112
Less treasury shares		(1,494		)	(1,494		)	(1,184		)	(1,184		)	(1,480		)	(1,480		)	(1,137		)	(1,137		)
Effect of shares issuable under stock options and warrants based on the treasury stock method		—			498			—			230			—			324			—			362
		13,044			13,542			12,967			13,197			12,894			13,218			12,975			13,337
Net earnings per share		$	0.11		$	0.11		$	0.14		$	0.14		$	0.44		$	0.43		$	0.26		$	0.26