**Exhibit11.1**

 

**CornellCorrections, Inc.**

**StatementRe:  Computation of Per Share Earnings**

**(inthousands except per share amounts)**

 

 
| ** **                                                                                     | ** ** | **Three Months Ended June 30,** | ** ** | **Six Months Ended June 30,** | ** ** |
|------------------------------------------------------------------------------------------------|------------|---------------------------------|------------|-------------------------------|------------|
| ** **                                                                                     | ** ** | **2005**                        | ** ** | **2004**                      | ** ** | **2005** | ** ** | **2004** | ** ** |
| ** **                                                                                     | ** ** | **Basic**                       | ** ** | **Diluted**                   | ** ** | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** | **Diluted** | ** ** |
| ** **                                                                                     | ** ** | ** **                      | ** ** | ** **                    | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Net loss                                                                                       |       | $                               | (311       | )                             | $          | (311 | ) | $ | (1,099 | ) | $ | (1,099 | ) | $ | (2,584 | ) | $ | (2,584 | ) | $ | (393 | ) | $ | (393 | ) |
| Shares used in computing net earnings per share:                                               |       |                            |       |                          |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average  common shares and common share equivalents                                   |       | 14,993                          |       | 14,993                        |       | 14,691 |   | 14,691 |   | 14,970 |   | 14,970 |   | 14,659 |   | 14,659 |   |
| Less treasury  shares                                                                          |       | (1,519                          | )          | (1,519                        | )          | (1,545 | ) | (1,545 | ) | (1,519 | ) | (1,519 | ) | (1,545 | ) | (1,545 | ) |
| Effect of shares  issuable under stock options and warrants based on the treasury stock method |       | —                          |       | 126                           |       | — |   | — |   | — |   | 235 |   | — |   | 216 |   |
|                                                                                           |       | 13,474                          |       | 13,600                        |       | 13,146 |   | 13,146 |   | 13,451 |   | 13,686 |   | 13,114 |   | 13,330 |   |
| Net loss per share                                                                             |       | $                               | (0.02      | )                             | $          | (0.02 | ) | $ | (0.08 | ) | $ | (0.08 | ) | $ | (0.19 | ) | $ | (0.19 | ) | $ | (0.03 | ) | $ | (0.03 | ) |
|                                                                                                |            |                                 |            |                               |            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

 

 

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