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Previous: STERLING CHEMICALS HOLDINGS INC /TX/, 10-Q, EX-10.1, 2000-08-14 |
Next: STERLING CHEMICALS HOLDINGS INC /TX/, 10-Q, EX-15.1, 2000-08-14 |
<PAGE> 1
STERLING CHEMICALS HOLDINGS, INC.
EXHIBIT 11.1
EARNINGS PER SHARE COMPUTATION
(Amounts in thousands, except per share data)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
JUNE 30, JUNE 30,
---------------------- ----------------------
2000 1999 2000 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE
Weighted average number of shares of common
stock outstanding 12,690 12,516 12,651 12,469
Net income (loss) $ 575 $(16,415) $ (6,486) $(54,335)
Less: preferred dividend requirements and accretion (751) (672) (2,208) (1,975)
Plus: depreciation (appreciation) of value of Released Shares (431) -- (431) 1,048
-------- -------- -------- --------
Net loss used in basic loss per share $ (607) $(17,087) $ (9,125) $(55,262)
======== ======== ======== ========
BASIC LOSS PER SHARE $ (0.05) $ (1.37) $ (0.72) $ (4.43)
======== ======== ======== ========
DILUTED EARNINGS PER SHARE
Weighted average number of shares of common
stock outstanding 12,690 12,516 12,651 12,469
Net income (loss) $ 575 $(16,415) $ (6,486) $(54,335)
Less: preferred dividend requirements and accretion (751) (672) (2,208) (1,975)
Plus: depreciation (appreciation) of value of Released Shares (431) -- (431) 1,048
-------- -------- -------- --------
Net loss used in diluted loss per share $ (607) $(17,087) $ (9,125) $(55,262)
======== ======== ======== ========
DILUTED LOSS PER SHARE $ (0.05) $ (1.37) $ (0.72) $ (4.43)
</TABLE>
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