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Previous: POPE & TALBOT INC /DE/, 10-Q, 2000-08-10 |
Next: POPE & TALBOT INC /DE/, 10-Q, EX-27.1, 2000-08-10 |
<PAGE>
Exhibit 11.1
POPE & TALBOT, INC.
STATEMENT SHOWING CALCULATION OF AVERAGE
COMMON SHARES OUTSTANDING AND EARNINGS
PER AVERAGE COMMON SHARE
<TABLE>
<CAPTION>
Three months ended Six months ended
June 30, June 30,
------------------------------ ------------------------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Weighted average number of common
shares outstanding 14,621,240 13,481,441 14,578,647 13,481,441
Application of the "treasury stock"
method to the stock option plan 318,874 36,823 259,171 20,437
------------- ------------- ------------- -------------
Total common and common equivalent
shares, assuming dilution 14,940,114 13,518,264 14,837,818 13,501,878
============= ============= ============= =============
Net income $ 9,823,000 $ 2,921,000 $19,216,000 $ 645,000
============= ============= ============= =============
Diluted net income per common share $ .66 $ .22 $ 1.30 $ .05
============= ============= ============= =============
</TABLE>
The computation of basic net income per common share is not included because the
computation can be clearly determined from the material contained in this
report.
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