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, SIX MONTHS ENDED JUNE 30,
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2000 1999 2000 1999
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BASIC DILUTED BASIC DILUTED BASIC DILUTED BASIC DILUTED
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net Earnings ................ $ 2,193 $ 2,193 $ 1,783 $ 1,783 $ 4,164 $ 4,164 $ 268 $ 268
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Shares used in computing
net earnings per share:
Weighted average common
shares and common share
equivalents ........... 10,161 10,161 10,126 10,126 10,155 10,155 10,118 10,118
Less treasury shares .... (697) (697) (697) (697) (697) (697) (697) (697)
Effect of shares issuable
under stock options and
warrants based on the
treasury stock-method . -- 121 -- 271 -- 135 -- 262
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9,464 9,585 9,429 9,700 9,458 9,593 9,421 9,683
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Net earnings per share ..... $ 0.23 $ 0.23 $ 0.19 $ 0.18 $ 0.44 $ 0.43 $ 0.03 $ 0.03
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