Exhibit 11.1
INTERNATIONAL COAL GROUP, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
Year ended December 31, 2007 | Year ended December 31, 2006 | Year ended December 31, 2005 | |||||||||
Basic Earnings Per Share | |||||||||||
Net Income (Loss) Available to Common Stockholders | $ | (147,034 | ) | $ | (9,275 | ) | $ | 31,825 | |||
Weighted-Average Shares of Common Stock | 152,304,461 | 152,028,165 | 111,120,211 | ||||||||
Basic Earnings Per Share | $ | (0.97 | ) | $ | (0.06 | ) | $ | 0.29 | |||
Diluted Earnings Per Share | |||||||||||
Net Income (Loss) Available to Common Stockholders | $ | (147,034 | ) | $ | (9,275 | ) | $ | 31,825 | |||
Weighted-Average Shares of Common Stock and Other Potentially Dilutive Securities Outstanding: | |||||||||||
Common Stock | 152,304,461 | 152,028,165 | 111,120,211 | ||||||||
Incremental Shares Under Stock Compensation Plans and Issuable Upon Conversion of Convertible Notes(1) | — | — | 41,076 | ||||||||
Total | 152,304,461 | 152,028,165 | 111,161,287 | ||||||||
Diluted Earnings Per Share | $ | (0.97 | ) | $ | (0.06 | ) | $ | 0.29 | |||
(1) | Includes the incremental effect of stock options outstanding computed under the treasury stock method, as applicable. |