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
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1999 1998
Restated
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(Unaudited) (Unaudited)
Net loss $ 5,247 $ 6,241
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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
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Weighted average common and common share
equivalents outstanding - (diluted) 37,491,031 36,916,725
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Net loss per common share--basic $ (0.14) $ (0.17)
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Net loss per common share--diluted $ (0.14) $ (0.17)
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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)
Six Months Ended June 30
---------------------------------------
1999 1998
Restated
--------------- ----------------
(Unaudited) (Unaudited)
Net loss $ 6,086 $ 15,563
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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
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Weighted average common shares outstanding - (basic) 37,419,156 36,892,420
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Weighted average common and common share
equivalents outstanding - (diluted) 37,419,156 36,892,420
============== ===============
Net loss per common share--basic $ (0.16) $ (0.42)
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Net loss per common share--diluted $ (0.16) $ (0.42)
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