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Previous: PENSON WORLDWIDE INC, S-1, EX-10.12, 2000-09-15 |
Next: PENSON WORLDWIDE INC, S-1, EX-21.1, 2000-09-15 |
<PAGE> 1
EXHIBIT 11.1
COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share data)
<TABLE>
<CAPTION>
Six Months
Year Ended December 31, Ended June 30,
1997 1998 1999 1999 2000
---------- ---------- ---------- ---------- ----------
(Unaudited)
-------------------------
<S> <C> <C> <C> <C> <C>
Basic:
Average shares outstanding ................. 27,720 28,629 25,728 25,048 27,958
Net income (loss) .......................... $ 1,787 $ 1,734 $ 8,938 $ 2,620 $ (15,537)
---------- ---------- ---------- ---------- ----------
Earnings (loss) per share - basic .......... $ .06 $ .06 $ .35 $ .10 $ (.56)
========== ========== ========== ========== ==========
Diluted:
Average shares outstanding ................. 27,720 28,629 25,728 25,048 27,958
Net effect of dilutive stock options,
based on the treasury stock method ..... -- -- -- -- --
---------- ---------- ---------- ---------- ----------
Total ...................................... 27,720 28,629 25,728 25,048 27,958
Net income (loss) .......................... $ 1,788 $ 1,734 $ 8,938 $ 2,620 $ (15,537)
---------- ---------- ---------- ---------- ----------
Earnings (loss) per share - diluted ........ $ .06 $ .06 $ .35 $ .10 $ (.56)
========== ========== ========== ========== ==========
</TABLE>
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