Cornell Corrections, Inc.
Statement Re: Computation of Per Share Earnings
(in thousands except per share amounts)
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Three Months Ended September 30, |
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Nine Months Ended September 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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$ |
(897 |
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$ |
(897 |
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$ |
1,442 |
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$ |
1,442 |
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$ |
(1,288 |
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$ |
(1,288 |
) |
$ |
5,661 |
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$ |
5,661 |
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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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14,744 |
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14,744 |
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14,538 |
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14,538 |
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14,688 |
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14,688 |
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14,374 |
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14,374 |
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Less treasury shares |
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(1,545 |
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(1,545 |
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(1,494 |
) |
(1,494 |
) |
(1,545 |
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(1,545 |
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(1,480 |
) |
(1,480 |
) |
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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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498 |
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— |
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— |
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— |
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324 |
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13,199 |
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13,199 |
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13,044 |
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13,542 |
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13,143 |
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13,143 |
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12,894 |
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13,218 |
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Net earnings (loss) per share |
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$ |
(0.07 |
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$ |
(0.07 |
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$ |
0.11 |
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$ |
0.11 |
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$ |
(0.10 |
) |
$ |
(0.10 |
) |
$ |
0.44 |
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$ |
0.43 |
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