Exhibit 11 - COMPUTATION OF PER SHARE EARNINGS
(Thousands of dollars, except per share data)
Nine Months Ended Sept. 30 Three Months Ended Sept. 30
2002 2001 2002 2001
---------- ---------- ----------- -----------BASIC
Average shares outstanding 60,459,277 59,979,699 61,091,924 59,958,690
Net income (loss) $ 2,283 $(42,884) $(10,865) $(30,532)
Per share amount $0.04 $(0.71) $(0.18) $(0.51)
===== ====== ====== ======DILUTED
Average shares outstanding 60,459,277 59,979,699 61,091,924 59,958,690
Effect of dilutive securities based on the
treasury stock method using the average
market price if higher than the exercise
price 539,266 177,079 338,332 127,972
---------- ---------- ---------- ----------
60,998,543 60,156,778 61,430,256 60,086,662
Net income (loss) $ 2,283 $(42,884) $(10,865) $(30,532) Per share amount $0.04 $(0.71) $(0.18) $(0.51)
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