EXHIBIT 11.1
COMPUTATION OF BASIC AND DILUTED INCOME (LOSS) PER SHARE
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1998 AND THE PERIOD
FROM JANUARY 30, 1998 THROUGH SEPTEMBER 30, 1998
The following calculation is submitted in accordance with requirements
of the Securities Exchange Act of 1934:
For the three months For the nine months
ended September 30 ended September 30
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1999 1998 1999 1998(1)
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(amounts in thousands)
Net income available for common shareholders ($593) $2,352 ($1,466) $3,006
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Weighted average common shares
outstanding used in calculating basic
and diluted net income (loss) per
common share 7,201 7,388 7,206 7,390
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Basic and diluted net income (loss) per common
share ($0.08) $0.32 ($0.20) $0.41
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(1) Represents the period from January 30, 1998 to September 30, 1998
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