Exhibit 11.1
REUNION INDUSTRIES, INC.
COMPUTATION OF EARNINGS PER SHARE
(In Thousands, Except Per Share Data)
For the years ended December 31,
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1999 1998 1997
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Income (loss) from continuing operations $(1,488) $(10,440) $(981)
Income (loss) from discontinued operations 339 (1,710) 710
Extraordinary item 0 (233) 0
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Net income (loss) $(1,149) $(12,383) $(271)
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Weighted average common shares outstanding 3,924 3,881 3,855
Net additional shares outstanding assuming
all stock options exercised using the
treasury stock method (a) 0 0 0
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Weighted average common shares outstanding-diluted 3,924 3,881 3,855
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Net income (loss) per common share-basic:
Income (loss) from continuing operations $(0.38) $(2.69) $(0.25)
Income (loss) from discontinued operations 0.09 (0.44) 0.18
Extraordinary Item 0.00 (0.06) 0.00
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Net income (loss) $(0.29) $(3.19) $(0.07)
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Net income (loss) per common share-diluted:
Income (loss) from continuing operations $(0.38) $(2.69) $(0.25)
Income (loss) from discontinued operations 0.09 (0.44) 0.18
Extraordinary item 0.00 (0.06) 0.00
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Net income (loss) $(0.29) $(3.19) $(0.07)
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(a) The 1999, 1998 and 1997 computations of diluted weighted average shares
outstanding exclude anti-dilutive shares.