EXHIBIT 11.01
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(in thousands, except per share data)
THREE MONTHS ENDED SIX MONTHS ENDED
MARCH 31, MARCH 31,
1997 1996 1997 1996
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Primary:
Average common shares outstanding 54,879 18,079 54,770 18,002
Net effect of dilutive stock
options - based on the modified treasury
stock method using average
market price - 3 - 56
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Totals 54,879 18,082 54,770 18,058
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Net income (loss) $(5,516) $13,919 $(6,385) $ 4,136
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Per share amount $ (0.10) $ 0.77 $ (0.12) $ 0.23
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Fully diluted:
Average common shares outstanding 54,879 18,079 54,770 18,002
Net effect of dilutive stock
options - based on the modified treasury stock method
using quarter end market price which is greater than
average market price - 3 - 56
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Totals 54,879 18,082 54,770 18,058
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Net income (loss) $(5,516) $13,919 $(6,385) $ 4,136
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Per share amount* $ (0.10) $ 0.77 $ (0.12) $ 0.23
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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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