EXHIBIT 11.1
SNYDER OIL CORPORATION
COMPUTATION OF NET INCOME PER SHARE
FOR THE YEARS ENDED DECEMBER 31, 1992, 1992 AND 1994
(In thousands except per share data)
Year Ended December 31,
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1992 1993 1994
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Income before extraordinary item $14,597 $22,538 $12,372
Extraordinary item-early extinguishment of debt 0 (2,993) 0
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Net income 14,597 19,545 12,372
Dividends on preferred stock (4,800) (9,100) (10,806)
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Net income available to common $ 9,797 $10,445 $ 1,566
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Weighted average shares outstanding 22,722 23,096 23,704
Add common stock equivalents 6,823 10,356 11,706
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Weighted average common stock
and equivalents outstanding 29,545 33,452 35,410
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Primary net income per share:
Income before extraordinary item $ .64 $ .97 $ .52
Extraordinary item-early extinguishment of debt - (.13) -
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Net income .64 .84 .52
Dividends on preferred stock (.21) (.39) (.45)
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Net income available to common $ .43 $ .45 $ .07
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Fully diluted net income per share:
Income before extraordinary item $ .49 $ .67 $ .35
Extraordinary item-early extinguishment of debt - (.09) -
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Net income .49 .58 .35
Dividends on preferred stock - - -
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Net income available to common $ .49 $ .58 $ .35
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