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Previous: TRANSPORT CORPORATION OF AMERICA INC, 10-Q, 2000-08-14 |
Next: TRANSPORT CORPORATION OF AMERICA INC, 10-Q, EX-27, 2000-08-14 |
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 Six months ended
June 30, June 30,
-------------------------- --------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Net earnings $ 1,263 $ 3,959 $ 2,177 $ 6,038
=========== =========== =========== ===========
Average number of common
shares outstanding 7,168,991 6,914,121 7,166,253 6,805,530
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 8,323,991 8,114,121 8,321,253 8,005,530
Dilutive effect of outstanding stock
options and warrants 8,407 25,320 4,204 34,406
Dilutive effect of non-detachable put option 2,024,262 495,641 1,400,179 464,618
----------- ----------- ----------- -----------
Average number of common and dilutive potential
common shares outstanding 10,356,660 8,635,082 9,725,636 8,504,554
=========== =========== =========== ===========
Basic earnings per share $ 0.15 $ 0.49 $ 0.26 $ 0.75
=========== =========== =========== ===========
Diluted earnings per share $ 0.12 $ 0.46 $ 0.22 $ 0.71
=========== =========== =========== ===========
</TABLE>
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