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EXHIBIT 11
THE J.H. HEAFNER COMPANY, INC.
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
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THREE MONTHS ENDED SIX MONTHS ENDED
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JULY 1, 2000 JUNE 30, 1999 JULY 1, 2000 JUNE 30, 1999
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<S> <C> <C> <C> <C>
Average shares outstanding during the
period................................... 5,286,917 5,163,414 5,286,917 5,125,541
Incremental shares under stock options and
warrants computed under the treasury
stock method using the average market
price of issuer's stock during the
period................................... -- 1,211,649 -- --
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Total shares for diluted EPS..... 5,286,917 6,375,063 5,286,917 5,125,541
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Income applicable to common shareholders:
Net income (loss)........................ (2,955,000) 203,000 (5,866,000) (990,000)
(Loss) income per basic common share:
Net income (loss)........................ $ (0.56) $ 0.04 $ (1.11) $ (0.19)
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Income (loss) per diluted share:
Net income (loss)........................ $ (0.56) $ 0.03 $ (1.11) $ (0.19)
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