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EXHIBIT 11.1
Remington Oil and Gas Corporation
Computation of Income per Share
(In thousands, except per share amounts)
For the Three Months Ended
March 31,
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2001 2000
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Net income available for basic income per share $ 14,657 $ 3,784
Interest expense on the Notes (net of tax) (1) 77 --
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Net income available for diluted income per share $ 14,734 $ 3,784
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Basic income per share $ 0.68 $ 0.18
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Diluted income per share $ 0.60 $ 0.18
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Weighted average common stock 21,587 21,304
Dilutive stock options outstanding (treasury stock method) (1) 1,535 --
Restricted common stock grant (1) 663 --
Shares assumed issued by conversion of the Notes (1) 534 --
Dilutive warrant outstanding (1) 53 --
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Total common shares for diluted income per share 24,372 21,304
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(1) Non dilutive in 2000
Potential increase to net income for diluted income per share
Interest expense on Notes (net of tax) -- $ 80
Potential issues of common stock for diluted income per share
Weighted average stock options outstanding -- 5
Weighted average warrant outstanding -- 200
Weighted average shares issued assuming conversion of Notes -- 541