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Previous: PAULA FINANCIAL, 10-Q, EX-10.38, 2000-11-13 |
Next: PAULA FINANCIAL, 10-Q, EX-27, 2000-11-13 |
<PAGE>
Exhibit 11
PAULA FINANCIAL AND SUBSIDIARIES
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(In thousands, except per share data)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2000 1999 2000 1999
--------- --------- --------- ----------
<S> <C> <C> <C> <C>
Net income (loss) $ (1,378) $ 2,116 $ (2,932) $ 4,240
========= ========= ========= ==========
Weighted average shares outstanding for calculating
basic earnings per share 5,392,509 5,833,625 5,519,891 5,895,139
Options -- 2,959 -- 4,860
--------- --------- --------- ----------
Total shares for calculating diluted earnings
per share 5,392,509 5,836,584 5,519,891 5,899,999
========= ========= ========= ==========
Basic earnings (loss) per share $ (0.26) $ 0.36 $ (0.53) $ 0.72
========= ========= ========= ==========
Diluted earnings (loss) per share $ (0.26) $ 0.36 $ (0.53) $ 0.72
========= ========= ========= ==========
</TABLE>
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