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Previous: TRANSPORT CORPORATION OF AMERICA INC, 10-Q, 2000-11-13 |
Next: TRANSPORT CORPORATION OF AMERICA INC, 10-Q, EX-27, 2000-11-13 |
EXHIBIT 11.1
Transport Corporation of America, Inc.
Computation of Earnings per Common Share
(In thousands, except share and per share amounts)
(unaudited)
<TABLE>
<CAPTION>
Three months ended Nine months ended
September 30, September 30,
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Net earnings $ 1,647 $ 2,644 $ 3,824 $ 8,682
============ ============ ============ ============
Average number of common
shares outstanding 7,175,780 7,044,409 7,169,452 6,885,156
Average number of common shares outstanding,
non-detachable put 1,155,000 1,200,000 1,155,000 1,200,000
------------ ------------ ------------ ------------
Average number of common shares outstanding,
including non-detachable put 8,330,780 8,244,409 8,324,452 8,085,156
Dilutive effect of outstanding stock
options and warrants 39,685 41,053 16,117 36,622
Dilutive effect of non-detachable put option 1,510,749 216,451 1,437,305 381,895
------------ ------------ ------------ ------------
Average number of common and dilutive potential
common shares outstanding 9,881,214 8,501,913 9,777,874 8,503,673
============ ============ ============ ============
Basic earnings per share $ 0.20 $ 0.32 $ 0.46 $ 1.07
============ ============ ============ ============
Diluted earnings per share $ 0.17 $ 0.31 $ 0.39 $ 1.02
============ ============ ============ ============
</TABLE>
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