EXHIBIT 11
(In thousands except per share data) Three Months Ended March 31,
1999 1998
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Primary Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: $ (3,031) $ 2,636
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WEIGHTED AVERAGE SHARES:
Common stock 11,614 10,173
Common stock equivalents applicable to stock options and warrants * *
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Total 11,614 10,173
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PRIMARY EARNINGS (LOSS) PER SHARE: $ (0.26) $ 0.26
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Fully Diluted Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: $ (3,031) $ 2,636
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WEIGHTED AVERAGE SHARES:
Common stock 11,614 10,173
Common stock equivalents applicable to stock options and warrants * 1,614
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Total 11,614 11,787
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FULLY DILUTED EARNINGS (LOSS) PER SHARE: $ (0.26) $ 0.22
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* Anti-dilutive; therefore effects have been excluded.