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EXHIBIT 11.0
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended
June 30, Six Months Ended
June 30,
----------------------- ----------------------
2000 1999 2000 1999
----------- ---------- ---------- ----------
(In thousands, except per share data)
<S> <C> <C> <C> <C>
Net income (loss)................................................. $ (25) $ 31 $ 37 $ 21
------- ------ ------ ------
Average shares outstanding........................................ 285 285 285 285
------- ------ ------ ------
Per share amount.................................................. $ (0.09) $ 0.09 $ 0.02 $ 0.06
======= ====== ====== ======
Net income (loss)................................................. $ (25) $ 31 $ 7 $ 21
------- ------ ------ ------
Average shares outstanding........................................ 285 285 285 285
Net effect of dilutive stock options based on the treasury stock
method using the average market price or quarter end
price, whichever is greater..................................... -- -- -- --
------- ------ ------ ------
Total shares outstanding........................ 285 285 285 285
------- ------ ------ ------
Per share amount $ (0.09) $(0.09) $(0.02) $(0.06)
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