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Previous: ENTERCOM COMMUNICATIONS CORP, 10-Q, 2000-08-10 |
Next: ENTERCOM COMMUNICATIONS CORP, 10-Q, EX-27.01, 2000-08-10 |
<PAGE> 1
EXHIBIT 11.01
RECONCILIATION OF NET (INCOME) LOSS AND PRO FORMA EARNINGS PER COMMON SHARE
AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA
(UNAUDITED)
<TABLE>
<CAPTION>
SIX SIX THREE THREE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
JUNE 30, JUNE 30, JUNE 30, JUNE 30,
1999 2000 1999 2000
-------------- -------------- -------------- -------------
<S> <C> <C> <C> <C>
EARNINGS (LOSS) PER SHARE
Basic net income (loss) per share:
NUMERATOR:
Basic net income (loss) ($73,275) $9,377 $7,152 $9,463
============== ============== ============== =============
DENOMINATOR:
Basic weighted average shares outstanding 34,836,094 45,194,597 37,168,280 45,201,185
============== ============== ============== =============
Basic net income (loss) per share ($2.10) $0.21 $0.19 $0.21
============== ============== ============== =============
Diluted earnings (loss) per share:
NUMERATOR:
Basic net income (loss) ($73,275) $9,377 $7,152 $9,463
Dilutive effect of TIDES securities, net of taxes
- 2,344 - 1,172
-------------- -------------- -------------- -------------
Diluted net income (loss) ($73,275) $11,721 $7,152 $10,635
============== ============== ============== =============
DENOMINATOR:
Weighted average shares outstanding 34,836,094 45,194,597 37,168,280 45,201,185
Dilutive effect of options 414,886 297,568 414,886 305,275
Dilutive effect of weighted average outstanding
of TIDES securities 2,841,000 2,841,000
-------------- -------------- -------------- -------------
Dilutive weighted average shares outstanding 35,250,980 48,333,165 37,583,166 48,347,460
============== ============== ============== =============
Diluted earnings (loss) per share ($2.08) $0.24 $0.19 $0.22
=============================================== =============
If anti-dilutive, use Basic Anti-dilutive Anti-dilutive Anti-dilutive
PRO FORMA DATA:
Basic pro forma income (loss) per share:
NUMERATOR:
Pro forma net income $7,405
==============
DENOMINATOR:
Weighted average shares outstanding 34,836,094
==============
Basic pro forma earnings per share $0.21
==============
Diluted pro forma earnings per share:
NUMERATOR:
Pro forma net income $7,405
==============
DENOMINATOR:
Weighted average shares outstanding 34,836,094
Dilutive effect of options 414,886
--------------
Dilutive weighted average shares outstanding 35,250,980
==============
Diluted pro forma earnings per share $0.21
If anti-dilutive, use Basic
</TABLE>
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