Exhibit 11
Computation of Earnings Per Share
(Unaudited)
Basic Earnings Per Share
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
1999 | 1998 | 1999 | 1998 | |||||||||||||
(Restated) | (Restated) | |||||||||||||||
Weighted average shares outstanding – basic | 26,437,347 | 26,592,383 | 26,418,217 | 26,643,344 | ||||||||||||
Net income | $ | 1,905,962 | $ | 3,019,143 | $ | 4,699,710 | $ | 4,425,059 | ||||||||
Basic net income per share | $ | 0.07 | $ | 0.11 | $ | 0.18 | $ | 0.17 | ||||||||
17