EXHIBIT 11
Exhibit 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
ZAPATA CORPORATION
Statement Regarding Computation of Per Share Earnings
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Three Months Ended |
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Three Months Ended |
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June 30, 2002 |
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June 30, 2001 |
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|
|
|
Net income (loss) (in thousands) |
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$ |
1,218 |
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|
$ |
(9,946 |
) |
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|
Actual outstanding common shares at beginning of period |
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2,391 |
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|
23,889 |
|
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Effect of ten-for-one reverse stock split |
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— |
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(21,500 |
) |
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Other adjustments |
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|
— |
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|
2 |
|
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Weighted average common shares outstanding – basic |
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2,391 |
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|
2,391 |
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Net income (loss) per share — basic |
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$ |
0.51 |
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|
$ |
(4.16 |
) |
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|
Dilutive effect of outstanding options |
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|
5 |
|
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|
— |
|
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Weighted average common shares outstanding – diluted |
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2,396 |
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|
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2,391 |
|
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|
Net income (loss) per share — diluted |
|
$ |
0.51 |
|
|
$ |
(4.16 |
) |
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|
|
|
|
|
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Six Months Ended |
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Six Months Ended |
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June 30, 2002 |
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June 30, 2001 |
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|
|
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Net income (loss) (in thousands) |
|
$ |
2,442 |
|
|
$ |
(11,104 |
) |
| | | |
|
Actual outstanding common shares at beginning of
period |
|
|
2,391 |
|
|
|
23,889 |
|
| | | |
|
Effect of ten-for-one reverse stock split |
|
|
— |
|
|
|
(21,500 |
) |
| | | |
|
Other adjustments |
|
|
— |
|
|
|
1 |
|
| | | |
|
Weighted average common shares outstanding – basic |
|
|
2,391 |
|
|
|
2,390 |
|
| | | |
|
Net income (loss) per share — basic |
|
$ |
1.02 |
|
|
$ |
(4.65 |
) |
| | | |
|
Dilutive effect of outstanding options |
|
|
4 |
|
|
|
— |
|
| | | |
|
Weighted average common shares outstanding – diluted |
|
|
2,395 |
|
|
|
2,390 |
|
| | | |
|
Net income (loss) per share — diluted |
|
$ |
1.02 |
|
|
$ |
(4.65 |
) |
34
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