1 EXHIBIT 11 (CONTINUED) COMPUTATION OF EARNINGS PER SHARE UNAUDITED DILUTED 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 Plus incremental shares from assumed conversions 2,284,245 877,382 2,300,500 862,217 ---------- --------------- ------------ -------------- Number of shares for computation of diluted net income (loss) per share 28,581,043 27,314,729 28,621,576 27,280,434 Net income (loss) $(926,113) $ 2,322,017 $(2,452,184) $ 5,115,765 --------- --------------- ----------- -------------- Basic net income (loss) per share $ (0.03) $ 0.09 $ (0.09) $ 0.19 ========= =============== =========== ==============