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COMPUTATION OF EARNINGS PER SHARE - EXHIBIT 11.1
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
(UNAUDITED)
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BASIC LOSS PER COMMON SHARE:
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
--------------------------------- -----------------------------------
2000 1999 2000 1999
-------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
Net loss $ (6,233) $ (3,836) $ (15,817) $ (6,240)
============== =============== =============== ================
Weighted average shares
outstanding 22,480,071 22,480,071 22,480,071 22,479,862
============== =============== =============== ================
Loss per common share $ (0.28) $ (0.17) $ (0.70) $ (0.28)
============== =============== =============== ================
DILUTED LOSS PER COMMON SHARE:
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
--------------------------------- -----------------------------------
2000 1999 2000 1999
-------------- --------------- --------------- ----------------
Net loss $ (6,233) $ (3,836) $ (15,817) $ (6,240)
============== =============== =============== ================
Weighted average shares
outstanding 22,480,071 22,480,071 22,480,071 22,479,862
Effect of dilutive shares-stock
options - - - -
-------------- --------------- --------------- ----------------
Total weighted average dilutive
shares 22,480,071 22,480,071 22,480,071 22,479,862
============== =============== =============== ================
Loss per common share $ (0.28) $ (0.17) $ (0.70) $ (0.28)
============== =============== =============== ================
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