EXHIBIT 11 (CONTINUED)
COMPUTATION OF EARNINGS PER SHARE
UNAUDITED
DILUTED 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 | ||||||||||||
Plus incremental shares from assumed conversions | 1,349,040 | 663,672 | 1,356,373 | 386,660 | ||||||||||||
Number of shares for computation of diluted net income per share | 27,724,135 | 27,263,913 | 27,759,434 | 27,090,580 | ||||||||||||
Net income | $ | 97,409 | $ | 2,867,133 | $ | 4,797,119 | $ | 7,292,192 | ||||||||
Diluted net income per share | $ | — | $ | 0.11 | $ | 0.17 | $ | 0.27 | ||||||||