EXHIBIT 11
ATALANTA/SOSNOFF CAPITAL CORPORATION
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
THREE AND SIX MONTHS ENDED JUNE 30, 2002 AND 2001
(UNAUDITED)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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2002 2001 2002 2001
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Net income (loss) $(5,683,370) $1,553,821 $(6,844,109) $ (67,843)
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Weighted average common shares
outstanding 8,747,685 8,957,888 8,815,446 8,981,557
Add - common stock equivalents
from in the money options 35,732 26,762 31,004 26,465
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Dilutive weighted average common
shares outstanding 8,783,417 8,984,650 8,846,450 9,008,022
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Earnings (loss) per common share - basic $ (0.65) $ 0.17 $ (0.78) $ (0.01)
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Earnings per common share - diluted N/A $ 0.17 N/A N/A
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Antidilutive options - 0 - - 0 - - 0 - - 0 -
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Average closing price of the
Company's common stock (ATL) $ 11.65 $ 10.74 $ 11.06 $ 10.81
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o Diluted earnings per share is not presented for the three months ended June
30, 2002 and for the six months ended June 30, 2002 and 2001, respectively,
because the Company recorded a net loss for the respective periods.
SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
19