Exhibit 11.01 --- COMPUTATION OF PER SHARE LOSS
(In thousands, except per share data)
1995 1994 1993
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Primary:
Average shares outstanding 15,049 13,598 12,905
Net effect of dilutive stock options -
based on the treasury stock method
using average market price - - -
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Totals 15,049 13,598 12,905
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--------- -------- --------
Net loss $(131,742) $(77,475) $(20,139)
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Per share amount $ (8.75) $ (5.70) $ (1.56)
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Fully diluted:
Average shares outstanding 15,049 13,598 12,905
Net effect of dilutive stock options -
based on the treasury stock method
using quarter end market price
which is greater than average
market price - - -
--------- -------- --------
Totals 15,049 13,598 12,905
--------- -------- --------
--------- -------- --------
Net loss $(131,742) $(77,475) $(20,139)
--------- -------- --------
--------- -------- --------
Per share amount $ (8.75) $ (5.70) $ (1.56)
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* The primary net loss per share is shown in the statements of operations. Net
loss per share under the primary and fully diluted calculations are
equivalent.
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