STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on May 15, 2006
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| (In thousands of dollars, except per share data) | Three Months Ended March 31, | |||||||
| 2006 | 2005 | |||||||
Numerator: |
||||||||
Net income (loss) |
$ | 8,133 | $ | (5,892 | ) | |||
Effect of dilutive securities none |
| | ||||||
Numerator for net income per common share diluted |
$ | 8,133 | $ | (5,892 | ) | |||
Denominator: |
||||||||
Weighted average common shares |
350,001 | 315,000 | ||||||
Effect of dilutive securities none |
| | ||||||
Denominator for net income per common share diluted |
350,001 | 315,000 | ||||||
Net income (loss) per common share: |
||||||||
Basic |
$ | .02 | $ | (.02 | ) | |||
Diluted |
$ | .02 | $ | (.02 | ) | |||