Exhibit 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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Exhibit 11
Statement Re: Computation of Per Share Earnings
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Three Months Ended Nine Months Ended
July 31, July 31,
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2000 1999 2000 1999
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(in thousands, except per share amount)
Basic Diluted Basic Diluted Basic Diluted Basic Diluted
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net income $ 407 $ 407 $ 400 $ 400 $ 1,467 $ 1,467 $ 1,129 $ 1,129
Weighted average shares
outstanding 5,952 5,952 5,947 5,947 5,952 5,952 5,989 5,989
Assumed issuances under
stock options plans
- 74 - 97 - 67 - 87
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5,952 6,026 5,947 6,044 5,952 6,019 5,989 6,076
Earnings per common share $ 0.07 $ 0.07 $ 0.07 $ 0.07 $ 0.25 $ 0.24 $ 0.19 $ 0.19
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