EXHIBIT 11.1
FLOTEK INDUSTRIES, INC.
COMPUTATION OF NET INCOME (LOSS)
PER COMMON SHARE
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||
2005 | 2004 | 2005 | 2004 | ||||||||||
Net income applicable to common stock for basic and diluted computations | $ | 1,988,839 | $ | 441,883 | $ | 3,456,561 | $ | 675,873 | |||||
Basic and diluted earnings per common share: | |||||||||||||
Basic earnings per common share | $ | 0.29 | $ | 0.07 | $ | 0.51 | $ | 0.10 | |||||
Diluted earnings per common share | $ | 0.26 | $ | 0.06 | $ | 0.46 | $ | 0.10 | |||||
Weighted average common shares used in computing basic earnings per common share | 6,803,846 | 6,662,939 | 6,770,904 | 6,644,363 | |||||||||
Weighted average common shares used in computing diluted earnings per common share | 7,618,698 | 6,918,077 | 7,552,372 | 6,881,946 |