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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(in thousands, except share and per share amounts)
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THREE MONTHS
ENDED
JUNE 30, 2000
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COMPUTATION OF BASIC EARNINGS PER SHARE:
Weighted average shares outstanding ..................................... 5,950,000
Weighted average shares and common stock equivalents..................... 5,950,000
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Net income .............................................................. $ 66
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Basic earnings per share................................................. $ 0.01
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COMPUTATION OF DILUTED EARNINGS PER SHARE:
Weighted average shares outstanding ..................................... 5,950,000
Dilutive impact of stock options, as determined by the
application of the treasury stock method .............................. 0
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Weighted average shares and common stock equivalents..................... 5,950,000
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Net income............................................................... $ 66
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Diluted earnings per share .............................................. $ 0.01
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