EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
BASIC EARNINGS PER SHARE
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
1999 | 1998 | 1999 | 1998 | |||||||||||||
(Restated) | (Restated) | |||||||||||||||
Weighted average shares outstanding—basic | 26,375,095 | 26,600,241 | 26,403,061 | 26,703,920 | ||||||||||||
Net income | $ | 97,409 | $ | 2,867,133 | $ | 4,797,119 | $ | 7,292,192 | ||||||||
Basic net income per share | $ | — | $ | 0.11 | $ | 0.18 | $ | 0.27 | ||||||||