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EXHIBIT 11.01 COMPUTATION OF PER SHARE EARNINGS.
1999 1998 1997
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(a) BASIC EARNINGS PER SHARE
Net earnings (loss) (27,700) (1,640) (54,019)
Weighted average shares outstanding 90,715,040 89,456,478 89,101,056
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Basic earnings per share (0.31) (0.02) (0.61)
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(b) FULLY DILUTED EARNINGS PER SHARE
Net earnings (loss) (27,700) (1,640) (54,019)
Interest income from cash from stock options - 0 5
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Adjusted net earnings (loss) (27,700) (1,640) (54,014)
Weighted average shares outstanding 90,715,040 89,456,478 89,101,056
Stock options deemed exercised - 125,000 747,500
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Adjusted weighted average shares outstanding 90,715,040 89,581,478 89,848,556
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Fully diluted earnings per share (0.31) (0.02) (0.60)
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II. UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
(a) BASIC EARNINGS PER SHARE
Net earnings (loss) per U.S. GAAP (13,695) 1,693 (71,634)
Weighted average shares outstanding 90,715,040 89,456,478 89,101,056
Common stock equivalents - stock options - 125,000 747,500
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Adjusted weighted average shares outstanding 90,715,040 89,581,478 89,848,556
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Basic earnings per share (0.15) 0.02 (0.80)
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(b) FULLY DILUTED EARNINGS PER SHARE
Net earnings (loss) per U.S. GAAP (13,695) 1,693 (71,634)
Weighted average shares outstanding 90,715,040 89,456,478 89,101,056
Stock options deemed exercised - 125,000 747,500
Shares deemed repurchased - (89,021) (263,405)
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Adjusted weighted average shares outstanding 90,715,040 89,492,457 89,585,151
Fully diluted earnings per share (0.15) 0.02 (0.80)
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