Exhibit Index
Exhibit
-------
11 - Statement re computation
of per-share earnings
<PAGE>
<TABLE>
<CAPTION>
Exhibit 11
COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK
(In Thousands)
For the three months
ended June 30,
--------------------
2000 1999
---- ----
<S> <C> <C>
Diluted Earnings Per Share:
Weighted average shares of
Common stock outstanding:
Balance outstanding - beginning of period 7,951 8,420
Weighted average shares of
treasury stock acquired .................. (88) (6)
Incremental shares of common stock
outstanding giving effect to stock options - 132
------ ------
Weighted balance - end of period ......... 7,863 8,546
====== ======
<CAPTION>
For the three months
ended June 30,
--------------------
2000 1999
---- ----
<S> <C> <C>
Basic Earnings Per Share:
Weighted average shares of
Common stock outstanding:
Balance outstanding - beginning of period 7,951 8,420
Weighted average shares of
treasury stock acquired ................. (88) (6)
------ ------
Weighted balance - end of period ........ 7,863 8,414
====== ======
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit 11
COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK
(In Thousands)
For the six months
ended June 30,
------------------
2000 1999
---- ----
<S> <C> <C>
Diluted Earnings Per Share:
Weighted average shares of
Common stock outstanding:
Balance outstanding - beginning of period 8,060 8,549
Weighted average shares of
treasury stock acquired .................. (111) (101)
Incremental shares of common stock
outstanding giving effect to stock options - 127
----- -----
Weighted balance - end of period ......... 7,949 8,575
===== =====
<CAPTION>
For the six months
ended June 30,
------------------
2000 1999
---- ----
<S> <C> <C>
Basic Earnings Per Share:
Weighted average shares of
Common stock outstanding:
Balance outstanding - beginning of period 8,060 8,549
Weighted average shares of
treasury stock acquired ................. (111) (101)
------ ------
Weighted balance - end of period ........ 7,949 8,448
====== ======
</TABLE>
