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EXHIBIT 11
RISCORP, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE NET LOSS
(in thousands, except share and per share amounts)
THREE MONTHS ENDED JUNE 30
---------------------------------------------
1999 1998
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(Unaudited) (Unaudited)
Net loss $ 3,369 $ 6,241
============ ============
Weighted average common and common share equivalents outstanding:
Average number of common shares outstanding 36,868,114 36,868,114
Restricted stock vested 622,917 48,611
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Weighted average common shares outstanding - (basic) 37,491,031 36,916,725
============ ============
Weighted average common and common share
equivalents outstanding - (diluted) 37,491,031 36,916,725
============ ============
Net loss per common share--basic $ (0.09) $ (0.17)
============ ============
Net loss per common share--diluted $ (0.09) $ (0.17)
============ ============
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2
EXHIBIT 11
RISCORP, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE NET LOSS
(in thousands, except share and per share amounts)
SIX MONTHS ENDED JUNE 30
------------------------------------
1999 1998
------------ ------------
(Unaudited) (Unaudited)
Net loss $ 4,208 $ 15,563
============ ============
Weighted average common and common share equivalents outstanding:
Average number of common shares outstanding 36,868,114 36,868,114
Restricted stock vested 551,042 24,306
------------ ------------
Weighted average common shares outstanding - (basic) 37,419,156 36,892,420
============ ============
Weighted average common and common share
equivalents outstanding - (diluted) 37,419,156 36,892,420
============ ============
Net loss per common share--basic $ (0.11) $ (0.42)
============ ============
Net loss per common share--diluted $ (0.11) $ (0.42)
============ ============
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