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EXHIBIT 11.01
RECONCILIATION OF NET (INCOME) LOSS AND PRO FORMA EARNINGS PER COMMON SHARE
AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
(UNAUDITED)
NINE NINE THREE THREE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
------------ ------------ ------------ ------------
1999 2000 1999 2000
------------ ------------ ------------ ------------
EARNINGS (LOSS) PER SHARE
Basic net income (loss) per share:
NUMERATOR:
Basic net income (loss) ($ 65,222) $ 42,563 $ 8,053 $ 33,186
============ ============ ============ ============
DENOMINATOR:
Basic weighted average shares outstanding 35,623,198 45,201,433 37,171,741 45,214,957
============ ============ ============ ============
Basic net income (loss) per share ($ 1.83) $ 0.94 $ 0.22 $ 0.73
============ ============ ============ ============
Diluted earnings (loss) per share:
NUMERATOR:
Basic net income (loss) ($ 65,222) $ 42,563 $ 8,053 $ 33,186
Dilutive effect of TIDES securities, net of taxes
-- 3,515 -- 1,172
------------ ------------ ------------ ------------
Diluted net income (loss) ($ 65,222) $ 46,078 $ 8,053 $ 34,358
============ ============ ============ ============
DENOMINATOR:
Weighted average shares outstanding 35,623,198 45,201,433 37,171,741 45,214,957
Dilutive effect of options 333,832 444,063 333,832 353,993
Dilutive effect of weighted average outstanding
of TIDES securities 2,841,000 2,841,000
------------ ------------ ------------ ------------
Dilutive weighted average shares outstanding 35,957,030 48,486,496 37,505,573 48,409,950
============ ============ ============ ============
Diluted earnings (loss) per share ($ 1.81) $ 0.95 $ 0.21 $ 0.71
============ ============ ============ ============
If anti-dilutive, use Basic Anti-dilutive
If anti-dilutive, use Diluted without dilutive
effect of TIDES securities (see below) Anti-dilutive
NUMERATOR:
Basic net income $ 42,563
============
DENOMINATOR:
Weighted average shares outstanding 45,201,433
Dilutive effect of options 444,063
------------
Dilutive weighted average shares outstanding 45,645,496
============
Diluted earnings per share $ 0.93
============
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PRO FORMA DATA:
Basic pro forma income per share:
NUMERATOR:
Pro forma net income $15,412
=============
DENOMINATOR:
Weighted average shares outstanding 35,623,198
=============
Basic pro forma earnings per share $0.43
=============
Diluted pro forma earnings per share:
NUMERATOR:
Pro forma net income $15,412
=============
DENOMINATOR:
Weighted average shares outstanding 35,623,198
Dilutive effect of options 333,832
-------------
Dilutive weighted average shares outstanding 35,957,030
=============
Diluted pro forma earnings per share $0.43
=============
If anti-dilutive, use Basic
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