EXHIBIT 11.0
KIRBY CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
Three months ended Nine months ended
September 30, September 30,
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1998 1997 1998 1997
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(in thousands, except per share amounts)
Net earnings (loss) from continuing operations $(6,571) $ 5,873 $ 5,144 $16,186
Net earnings from discontinued operations -- 76 -- 2,607
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Net earnings (loss) $(6,571) $ 5,949 $ 5,144 $18,793
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Basic earnings per share:
Weighted average number of common shares outstanding 21,175 24,313 22,181 24,405
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Basic earnings (loss) per share from continuing operations $ (.31) $ .24 $ .23 $ .66
Basic earnings per share from discontinued operations -- -- -- .11
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Basic earnings (loss) per share $ (.31) $ .24 $ .23 $ .77
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Diluted earnings per share:
Weighted average number of common shares outstanding 21,175 24,313 22,181 24,405
Dilutive shares applicable to stock options -- 223 306 211
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Shares applicable to diluted earnings 21,175 24,536 22,487 24,616
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Diluted earnings (loss) per share from continuing operations $ (.31) $ .24 $ .23 $ .66
Diluted earnings per share from discontinued operations -- -- -- .10
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Diluted earnings (loss) per share $ (.31) $ .24 $ .23 $ .76
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