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Previous: REGAN HOLDING CORP, 10-Q, EX-11.1, 2000-11-14 |
Next: REGAN HOLDING CORP, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
EXHIBIT 11.2
COMPUTATION OF EARNINGS PER SHARE
UNAUDITED
DILUTED EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three Months Ended
September 30,
-----------------------------------------------
2000 1999
---- ----
<S> <C> <C>
Net income (loss)--numerator $ (2,342,488) $ 262,775
--------------------- ----------------
Basic weighted average shares outstanding 26,252,879 26,375,095
Plus incremental shares from assumed conversions(1) -- 1,349,040
--------------------- ----------------
Number of shares for computation of diluted net
income (loss) per share--denominator 26,252,879 27,724,135
--------------------- ----------------
Diluted net income (loss) per share $ (0.09) $ 0.01
===================== ================
<CAPTION>
Nine Months Ended
September 30,
-------------------------------------------------
2000 1999
---- ----
<S> <C> <C>
Net income (loss)--numerator $ (4,794,667) $ 5,378,540
--------------------- ----------------
Basic weighted average shares outstanding 26,312,012 26,403,061
Plus incremental shares from assumed conversions(1) -- 1,356,373
--------------------- ----------------
Number of shares for computation of diluted net
income (loss) per share 26,312,012 27,759,434
--------------------- ----------------
Diluted net income (loss) per share $ (0.18) $ 0.19
===================== ================
</TABLE>
(1) The diluted share base for the three and nine month periods ended September
30, 2000 exclude incremental shares of 2,246,612 and 2,288,778,
respectively, related to employee and non-employee stock options. These
shares are excluded due to their antidilutive effect as a result of the
Company's net losses incurred during 2000.
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