1
EXHIBIT 11.0
COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED
SEPTEMBER 30,
------------------------------
1999 1998
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(IN THOUSANDS, EXCEPT PER SHARE DATA)
Net income (Loss)..................................... (74) 44
Average shares outstanding............................ 247 397
--- ---
Per share amount...................................... (0.30) 0.11
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Net income (Loss)..................................... (74) 44
Average shares outstanding............................ 247 397
--- ---
Net effect of dilutive stock options based on the
treasury stock method using the average market
price or quarter end price, whichever is greater.. 12 6
-- --
Total shares outstanding.................... 259 403
--- ---
Per share amount...................................... (0.29) 0.11
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2
EXHIBIT 11.0
COMPUTATION OF PER SHARE EARNINGS
NINE MONTHS ENDED
SEPTEMBER 30,
------------------------------
1999 1998
(IN THOUSANDS, EXCEPT PER SHARE DATA)
NET INCOME (LOSS)................................ (53) 162
AVERAGE SHARES OUTSTANDING....................... 314 397
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PER SHARE AMOUNT................................. (0.17) 0.41
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NET INCOME (LOSS)................................ (53) 162
AVERAGE SHARES OUTSTANDING....................... 314 426
--- ---
NET EFFECT OF DILUTIVE STOCK OPTIONS BASED ON THE
TREASURY STOCK METHOD USING THE AVERAGE MARKET
PRICE OR QUARTER END PRICE, WHICHEVER IS GREATER.. 11 6
-- -
TOTAL SHARES OUTSTANDING............... 325 403
--- ---
PER SHARE AMOUNT................................. (0.16) 0.40
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