**Exhibit 11.1**

**Cornell Corrections, Inc.**

**Statement Re: Computation of Per Share Earnings**

**(in thousands except per share amounts)**

 
|                                                                                          |   | **Three Months Ended September 30,** |   | **Nine Months Ended September 30,** |   |
|-----------------------------------------------------------------------------------------------|--------|--------------------------------------|--------|-------------------------------------|--------|
|                                                                                          |   | **2003**                             |   | **2002**                            |   | **2003** |   | **2002** |   |
|                                                                                          |   | **Basic**                            |   | **Diluted**                         |   | **Basic** |   | **Diluted** |   | **Basic** |   | **Diluted** |   | **Basic** |   | **Diluted** |   |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Earnings                                                                                  |   | $                                    | 1,442  |                                | $      | 1,442 |   | $ | 1,793 |   | $ | 1,793 |   | $ | 5,661 |   | $ | 5,661 |   | $ | 3,438 |   | $ | 3,438 |   |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares used in computing net earnings per share:                                              |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares andcommon share equivalents                                    |   | 14,538                               |   | 14,538                              |   | 14,151 |   | 14,151 |   | 14,374 |   | 14,374 |   | 14,112 |   | 14,112 |   |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less treasury shares                                                                          |   | (1,494                               | )      | (1,494                              | )      | (1,184 | ) | (1,184 | ) | (1,480 | ) | (1,480 | ) | (1,137 | ) | (1,137 | ) |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of shares issuable under stock optionsand warrants based on the  treasury stock method |   | —                               |   | 498                                 |   | — |   | 230 |   | — |   | 324 |   | — |   | 362 |   |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   | 13,044                               |   | 13,542                              |   | 12,967 |   | 13,197 |   | 12,894 |   | 13,218 |   | 12,975 |   | 13,337 |   |
|                                                                                          |   |                                 |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings per share                                                                        |   | $                                    | 0.11   |                                | $      | 0.11 |   | $ | 0.14 |   | $ | 0.14 |   | $ | 0.44 |   | $ | 0.43 |   | $ | 0.26 |   | $ | 0.26 |   |

 

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