EXHIBIT 11.1
SCHEDULE REGARDING COMPUTATION OF PER SHARE
EARNINGS
(000’s except per share data)
|
|
|
Nine Months
Ended
September 30,
|
|
Three Months
Ended
September 30,
|
|
|
|
1999
|
|
1998
|
|
1999
|
|
1998
|
| Net income (loss)
|
|
$2,034 |
|
|
$5,567 |
|
$(1,537 |
) |
|
$2,394 |
| Less preferred
stock dividends |
|
(1,081 |
) |
|
—
|
|
(525 |
) |
|
—
|
| |
|
|
|
|
|
|
|
|
|
|
| Income available
to common stockholders—basic and diluted |
|
$ 953
|
|
|
$5,567 |
|
$(2,062 |
) |
|
$2,394 |
| |
|
|
|
|
|
|
|
|
|
|
| Basic weighted
average shares outstanding |
|
8,130 |
|
|
8,033 |
|
8,130 |
|
|
8,124 |
| Common equivalent
shares: |
|
|
|
|
|
|
|
|
|
|
|
Dilutive stock options
|
|
19 |
|
|
51 |
|
—
|
|
|
34 |
|
Dilutive warrants
|
|
177 |
|
|
555 |
|
—
|
|
|
—
|
| |
|
|
|
|
|
|
|
|
|
|
| Diluted weighted
average shares outstanding |
|
8,326 |
|
|
8,639 |
|
8,130 |
|
|
8,158 |
| |
|
|
|
|
|
|
|
|
|
|
| Basic earnings
(loss) per share |
|
$ 0.12
|
|
|
$ 0.69
|
|
$ (0.25
|
) |
|
$ 0.29 |
| |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings
(loss) per share |
|
$ 0.11
|
|
|
$ 0.64
|
|
$ (0.25
|
) |
|
$ 0.29 |
| |
|
|
|
|
|
|
|
|
|
|
