|
FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2002NOTES TO CONSOLIDATED FINANCIAL STATEMENTS2. Earnings Per Share
Basic earnings per share (“Basic EPS”) have been computed using the
weighted average number of common shares outstanding during the respective
periods. The calculation of diluted earnings per share (“Diluted EPS”) for
2000 assumes conversion of our Convertible Notes as of the beginning of the
respective periods and the elimination of the related after-tax interest
expense. The calculation of diluted earnings per share for all periods assumes,
as of the beginning of the period, exercise of stock options and warrants using
the treasury stock method. Certain of our stock options that would potentially
dilute Basic EPS in the future were also antidilutive for the 2002 and 2001
periods. The following is a reconciliation of the numerators and denominators used in
the calculation of Basic and Diluted EPS for the years ended December 31, 2002,
2001, and 2000: |
| 2002 | 2001 | 2000 | |||||||||
|
|
|
|
|||||||||
| Per Share |
Per Share |
Per Share | |||||||||
| Net Income | Shares | Amount | Net Loss | Shares | Amount | Net Income | Shares | Amount | |||
| ----------- | --------- | ------- | ----------- | --------- | ------- | ---------- | --------- | ------ | |||
| Basic EPS: | |||||||||||
| Net Income (Loss) and Share Amounts | $11,923,227 | 26,382,906 | $0.45 | $(22,347,765) | 24,732,099 | $(0.90) | $59,184,008 | 21,244,684 | $2.79 | ||
| Dilutive Securities: | |||||||||||
| 6.25% Convertible Notes | -- | -- | -- | -- | 4,772,418 | 3,546,933 | |||||
| Stock Options | -- | 372,700 | -- | -- | -- | 713,112 | |||||
| ----------- | --------- | ----------- | --------- | ----------- | --------- | ||||||
| Diluted EPS: | |||||||||||
| Net Income
(Loss) and Assumed Share Conversions |
$11,923,227 | 26,755,606 | $0.45 | $(22,347,765) | 24,732,099 | $(0.90) | $63,956,426 | 25,504,729 | $2.51 | ||
| ========== | ========= | ========== | ========= | ========== | ========= | ||||||
This page was last updated on Friday, March 05, 2004 , at 03:42:16 PM .
Copyright © 1994-2008 by Swift Energy Company.
Click here to go to our home page or search
page.
Please note the terms of use for
the Swift Energy web site.
If you have comments or questions, see our feedback or
requests pages.
Contact Swift Energy Company Stockholder Relations through e-mail info@swiftenergy.com
or telephone (281) 874-2700.