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 June 30, |
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Six Months Ended June 30, |
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2004 |
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2003 |
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2004 |
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2003 |
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Basic |
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Diluted |
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Basic |
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Diluted |
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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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$ |
(1,099 |
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$ |
(1,099 |
) |
$ |
2,177 |
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$ |
2,177 |
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$ |
(393 |
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$ |
(393 |
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$ |
4,133 |
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$ |
4,133 |
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Shares used in computing net earnings (loss) per share: |
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Weighted average common shares and common share equivalents |
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14,691 |
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14,691 |
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14,340 |
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14,340 |
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14,659 |
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14,659 |
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14,290 |
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14,291 |
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Less treasury shares |
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(1,545 |
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(1,545 |
) |
(1,486 |
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(1,486 |
) |
(1,545 |
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(1,545 |
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(1,473 |
) |
(1,473 |
) |
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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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— |
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— |
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319 |
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— |
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— |
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— |
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237 |
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13,146 |
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13,146 |
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12,854 |
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13,173 |
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13,114 |
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13,114 |
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12,817 |
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13,055 |
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Net earnings (loss) per share |
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$ |
(0.08 |
) |
$ |
(0.08 |
) |
$ |
0.17 |
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$ |
0.17 |
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$ |
(0.03 |
) |
$ |
(0.03 |
) |
$ |
0.32 |
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$ |
0.32 |
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