<PAGE> 1
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)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
------------------------------- -------------------------------
Numerator - Basic and Diluted EPS: June 30, 2000 June 30, 1999 June 30, 2000 June 30, 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Net income (loss) $ (1,235) $ 480 $ (5,109) $ (3,186)
Denominator - Basic EPS:
Common stock outstanding 34,216 33,191 34,088 33,144
-------- -------- -------- --------
Basic income (loss) per share $ (0.04) $ 0.01 $ (0.15) $ (0.10)
======== ======== ======== ========
Denominator - Diluted EPS:
Denominator - basic EPS 34,216 33,191 34,088 33,144
Effect of dilutive securities
Common stock options -- 995 -- --
-------- -------- -------- --------
Diluted shares outstanding 34,216 34,186 34,088 33,144
-------- -------- -------- --------
Diluted income (loss) per share $ (0.04) $ 0.01 $ (0.15) $ (0.10)
======== ======== ======== ========
</TABLE>
