|
|
|
|
|
|
|
|
|
<PAGE> 1
EXHIBIT 11.1
Lexant Inc.
Computation of Earnings Per Share
(Dollars in thousands except per share amounts)
<TABLE>
<CAPTION>
For the year ended December 31, 1997 For the year ended December 31, 1998
------------------------------------ ------------------------------------
Income Shares Per Share Income Shares Per Share
(Numerator) (Denominator) Amount (Numerator) (Denominator) Amount
----------- ------------- --------- ----------- ------------- ---------
<S> <C> <C> <C> <C> <C> <C>
Net Income $ 2,189 $ 3,828
Less: Preferred Stock Dividends -- (301)
-------------------------- --------------------------
NET INCOME PER SHARE - BASIC:
Income available to common shareholders 2,189 22,717 $ 0.10 3,527 22,717 $ 0.16
========= =======
EFFECT OF DILUTIVE SECURITIES:
Convertible preferred stock -- -- 301 3,673
Common stock options -- -- -- --
-------------------------- --------------------------
NET INCOME PER SHARE - DILUTED:
Income available to common shareholders
plus assumed conversions $ 2,189 22,717 $ 0.10 $ 3,828 26,390 $ 0.15
===================================== =====================================
</TABLE>
<TABLE>
<CAPTION>
For the year ended December 31, 1999
------------------------------------
Income Shares Per Share
(Numerator) (Denominator) Amount
----------- ------------- ---------
<S> <C> <C> <C>
Net Income $ 7,952
Less: Preferred Stock Dividends (690)
--------------------------
NET INCOME PER SHARE - BASIC:
Income available to common shareholders 7,262 22,721 $ 0.32
=========
EFFECT OF DILUTIVE SECURITIES:
Convertible preferred stock 690 8,740
Common stock options -- 2,070
--------------------------
NET INCOME PER SHARE - DILUTED:
Income available to common shareholders
plus assumed conversions $ 7,952 33,531 $ 0.24
=====================================
</TABLE>
<TABLE>
<CAPTION>
For the three months ended March 31, 2000
-----------------------------------------
Income Shares Per Share
(Numerator) (Denominator) Amount
----------- ------------- ---------
<S> <C> <C> <C>
Net Income $ 8,905
Less: Preferred Stock Dividends (172)
------------ ------------
NET INCOME PER SHARE - BASIC and
DILUTIVE:
Income available to common shareholders 9,077 23,282 $ 0.39
========================= =========
</TABLE>
|
|