Effect of dilutive securities: Eller put/call option agreement -- (1,276) * Convertible debt - 2.625% issued in 1998 2,453 * 2,453 * Convertible debt - 1.5% issued in 1999 2,438 * -- LYONS - 1996 issue (120)* -- LYONS - 1998 issue 1,130 * -- Less:...
EXHIBIT 11 -- COMPUTATION OF EARNINGS PER SHARE
In thousands of dollars, except per share data
Three months ended
March 31,
2000 1999
Numerator:
Net income (loss) $ (39,402) $(12,736)
Effect of dilutive securities:
Xxxxx put/call option agreement -- (1,276) *
Convertible debt - 2.625% issued in 1998 2,453 * 2,453 *
Convertible debt - 1.5% issued in 1999 2,438 * --
XXXXX - 1996 issue (120)* --
XXXXX - 1998 issue 1,130 * --
Less: Anti-dilutive items (5,901) (1,177)
Numerator for net income (loss) per
common share - diluted $ (39,402) $(12,736)
Denominator:
Weighted average common shares 338,803 265,850
Effect of dilutive securities:
Stock options and common stock warrants 10,501 * 3,883 *
Xxxxx put/call option agreement -- 1,903 *
Convertible debt - 2.625% issued in 1998 9,282 * 9,282 *
Convertible debt - 1.5% issued in 1999 9,454 * --
XXXXX - 1996 issue 3,870 * --
XXXXX - 1998 issue 3,085 * --
Less: Anti-dilutive items (36,192) (15,068)
Denominator for net income (loss)
per common share - diluted 338,803 265,850
Net income (loss) per common share:
Basic $ (.12) $ (.05)
Diluted $ (.12) $ (.05)
* Denotes items that are anti-dilutive to the calculation of earnings per share.
