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EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
Year Ended December 31, | ||||||||||||
2009 | 2008 | 2007 | ||||||||||
(In thousands, except per share data) | ||||||||||||
BASIC | ||||||||||||
Net Income (Loss) available on preferred shares | $ | (15,020 | ) | $ | (1,962 | ) | $ | 724 | ||||
/ Weighted Average Shares | 3,736 | 3,731 | 3,833 | |||||||||
Basic Earnings Per Share | $ | (4.02 | ) | $ | (0.53 | ) | $ | 0.19 | ||||
DILUTED | ||||||||||||
Net Income (Loss) available on preferred shares | $ | (15,020 | ) | $ | (1,962 | ) | $ | 724 | ||||
/ Weighted Average Shares | 3,736 | 3,731 | 3,875 | |||||||||
Diluted Earnings Per Share | $ | (4.02 | ) | $ | (0.53 | ) | $ | 0.19 | ||||
Notes:
• | Where applicable, diluted share computations include the effects of outstanding stock options. |
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