1 EXHIBIT 11.01 RECONCILIATION OF NET LOSS AND PRO FORMA EARNINGS PER COMMON SHARE AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA (UNAUDITED) THREE THREE MONTHS ENDED MONTHS ENDED MARCH 31, MARCH 31, --------- --------- 1999 2000 ---- ---- EARNINGS (LOSS) PER SHARE Basic loss per share: NUMERATOR: Basic net loss ($80,427) ($86) ============ ============ DENOMINATOR: Basic weighted average shares outstanding 32,477,995 45,188,010 ============ ============ Basic net loss per share ($2.48) ($0.00) ============ ============ Diluted earnings (loss) per share: NUMERATOR: Basic net loss ($80,427) ($86) Dilutive effect of TIDES securities, net of taxes -- 1,172 ------------ ------------ Diluted net income (loss) ($80,427) $1,086 ============ ============ DENOMINATOR: Weighted average shares outstanding 32,477,995 45,188,010 Dilutive effect of options 324,875 319,851 Dilutive effect of weighted average outstanding of TIDES securities 2,841,000 ------------ ------------ Dilutive weighted average shares outstanding 32,802,870 48,348,861 ============ ============ Diluted earnings (loss) per share ($2.45) $0.00 ============ ============ If anti-dilutive, use Basic Anti-dilutive Anti-dilutive PRO FORMA DATA: Basic pro forma income (loss) per share: NUMERATOR: Pro forma net income $207 ============ DENOMINATOR: Weighted average shares outstanding 32,477,995 ============ Basic pro forma earnings per share $0.01 ============ Diluted pro forma earnings per share: NUMERATOR: 21 2 Pro forma net income $207 ============ DENOMINATOR: Weighted average shares outstanding 32,477,995 Dilutive effect of options 324,875 ------------ Dilutive weighted average shares outstanding 32,802,870 ============ Diluted pro forma earnings per share $0.01 If anti-dilutive, use Basic 22