|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: ENTERCOM COMMUNICATIONS CORP, 10-Q, 2000-11-13 |
Next: ENTERCOM COMMUNICATIONS CORP, 10-Q, EX-27.01, 2000-11-13 |
<PAGE> 1
EXHIBIT 11.01
RECONCILIATION OF NET (INCOME) LOSS AND PRO FORMA EARNINGS PER COMMON SHARE
AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
(UNAUDITED)
<TABLE>
<CAPTION>
NINE NINE THREE THREE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 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) ($ 65,222) $ 42,563 $ 8,053 $ 33,186
============ ============ ============ ============
DENOMINATOR:
Basic weighted average shares outstanding 35,623,198 45,201,433 37,171,741 45,214,957
============ ============ ============ ============
Basic net income (loss) per share ($ 1.83) $ 0.94 $ 0.22 $ 0.73
============ ============ ============ ============
Diluted earnings (loss) per share:
NUMERATOR:
Basic net income (loss) ($ 65,222) $ 42,563 $ 8,053 $ 33,186
Dilutive effect of TIDES securities, net of taxes
-- 3,515 -- 1,172
------------ ------------ ------------ ------------
Diluted net income (loss) ($ 65,222) $ 46,078 $ 8,053 $ 34,358
============ ============ ============ ============
DENOMINATOR:
Weighted average shares outstanding 35,623,198 45,201,433 37,171,741 45,214,957
Dilutive effect of options 333,832 444,063 333,832 353,993
Dilutive effect of weighted average outstanding
of TIDES securities 2,841,000 2,841,000
------------ ------------ ------------ ------------
Dilutive weighted average shares outstanding 35,957,030 48,486,496 37,505,573 48,409,950
============ ============ ============ ============
Diluted earnings (loss) per share ($ 1.81) $ 0.95 $ 0.21 $ 0.71
============ ============ ============ ============
If anti-dilutive, use Basic Anti-dilutive
If anti-dilutive, use Diluted without dilutive
effect of TIDES securities (see below) Anti-dilutive
NUMERATOR:
Basic net income $ 42,563
============
DENOMINATOR:
Weighted average shares outstanding 45,201,433
Dilutive effect of options 444,063
------------
Dilutive weighted average shares outstanding 45,645,496
============
Diluted earnings per share $ 0.93
============
</TABLE>
24
<PAGE> 2
<TABLE>
<S> <C>
PRO FORMA DATA:
Basic pro forma income per share:
NUMERATOR:
Pro forma net income $15,412
=============
DENOMINATOR:
Weighted average shares outstanding 35,623,198
=============
Basic pro forma earnings per share $0.43
=============
Diluted pro forma earnings per share:
NUMERATOR:
Pro forma net income $15,412
=============
DENOMINATOR:
Weighted average shares outstanding 35,623,198
Dilutive effect of options 333,832
-------------
Dilutive weighted average shares outstanding 35,957,030
=============
Diluted pro forma earnings per share $0.43
=============
If anti-dilutive, use Basic
</TABLE>
25
|
|