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Previous: INSPIRE INSURANCE SOLUTIONS INC, 10-Q, EX-10.3, 2000-08-14 |
Next: INSPIRE INSURANCE SOLUTIONS INC, 10-Q, EX-15.1, 2000-08-14 |
<PAGE> 1
EXHIBIT 11.1
COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
Three months ended Six months ended
June 30, June 30,
---------------------- ----------------------
2000 1999 2000 1999
------- ------- ------- -------
<S> <C> <C> <C> <C>
Basic
Average shares outstanding ................................... 19,138 18,966 19,085 18,864
======= ======= ======= =======
Net income ................................................... $ 646 $ 2,869 $ 2,036 $ 6,270
======= ======= ======= =======
Per share amount ............................................. $ .03 $ .15 $ .11 $ .33
======= ======= ======= =======
Diluted
Average shares outstanding ................................... 19,138 18,966 19,085 18,864
Net effect of dilutive stock options based on the
treasury stock method using the average market price ....... 467 1,436 513 1,478
------- ------- ------- -------
Total ........................................................ 19,606 20,402 19,598 20,342
======= ======= ======= =======
Net income ................................................... $ 646 $ 2,869 $ 2,036 $ 6,270
======= ======= ======= =======
Per share amount ............................................. $ .03 $ .14 $ .10 $ .31
======= ======= ======= =======
</TABLE>
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