Exhibit 11.1
INTERNATIONAL COAL GROUP, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Year ended December 31, | ||||||||||||
2008 | 2007 | 2006 | ||||||||||
Basic Earnings Per Share | ||||||||||||
Net Loss Available to Common Stockholders | $ | (26,227 | ) | $ | (147,562 | ) | $ | (9,320 | ) | |||
Weighted-Average Shares of Common Stock | 152,632,586 | 152,304,461 | 152,028,165 | |||||||||
Basic Earnings Per Share | $ | (0.17 | ) | $ | (0.97 | ) | $ | (0.06 | ) | |||
Diluted Earnings Per Share | ||||||||||||
Net Loss Available to Common Stockholders | $ | (26,227 | ) | $ | (147,562 | ) | $ | (9,320 | ) | |||
Weighted-Average Shares of Common Stock and Other Potentially Dilutive Securities Outstanding: | ||||||||||||
Common Stock | 152,632,586 | 152,304,461 | 152,028,165 | |||||||||
Incremental Shares Under Stock Compensation Plans and Issuable Upon Conversion of Convertible Notes (1) | — | — | — | |||||||||
Total | 152,632,586 | 152,304,461 | 152,028,165 | |||||||||
Diluted Earnings Per Share | $ | (0.17 | ) | $ | (0.97 | ) | $ | (0.06 | ) |
(1) | Includes the incremental effect of stock options outstanding computed under the treasury stock method, as applicable. |