1 EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) BASIC EARNINGS PER SHARE Three Months Ended Six Months Ended June 30, June 30, ------------------------------- --------------------------------- 2000 1999 2000 1999 ---- ---- ---- ---- Weighted average shares outstanding--basic 26,296,798 26,437,347 26,321,076 26,418,217 Net income (loss) $(926,113) $ 2,322,017 $ (2,452,184) $ 5,115,765 --------- --------------- ------------ -------------- Basic net income (loss) per share $ (0.04) $ 0.09 $ (0.09) $ 0.19 ========= =============== ============ ==============