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EXHIBIT 11.1 STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
In accordance with the disclosure requirements of SFAS 128, a reconciliation of
the numerator and denominator of basic and diluted EPS is provided below.
(Unaudited and in thousands, except per share amounts)
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<CAPTION>
Three Months Ended Nine Months Ended
Numerator - Basic and Diluted EPS: September 30, September 30,
--------------------------- ---------------------------
2000 1999 2000 1999
--------- --------- --------- --------
<S> <C> <C> <C> <C>
Net income (loss) ($21,633) $ 3,422 ($26,742) $ 236
Denominator - Basic EPS:
Common stock outstanding 34,264 33,231 34,147 33,174
--------- -------- --------- ---------
Basic income (loss) per share ($ 0.63) $ 0.10 ($ 0.78) $ 0.01
========= ======== ========= =========
Denominator - Diluted EPS:
Denominator - basic EPS 34,264 33,231 34,147 33,174
Effect of dilutive securities
Common stock options 1,745 1,184 2,105 1,218
--------- -------- --------- ---------
Diluted shares outstanding 36,009 34,415 36,252 34,392
--------- -------- --------- ---------
Diluted income (loss) per share ($ 0.60)(A) $ 0.10 ($ 0.74)(A) $ 0.01
========= ======== ========= =========
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(A) - Not presented as effect is anti-dilutive
