Exhibit 11
Statement re computation of per-share earnings
Basic per share data is calculated based on the weighted-average number of
common shares outstanding during the reported period. Diluted per share
data includes any dilution from potential common stock outstanding, such as
the exercise of stock options.
Nine Months Ended Three Months Ended
September 30, September 30,
2000 1999 2000 1999
___________ ___________ ___________ ___________
Numerator:
Net income(loss) $10,871,000 $ 7,600,000 $ 3,368,000 $ 1,049,000
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Denominator:
Denominator for
Basic income
(loss)
Per share -
Weighted average
Shares 7,181,693 7,209,775 7,171,198 7,190,040
Dilutive potential
Common shares -
Employee stock
Options 2,980 15,675 3,037 20,820
___________ ___________ ___________ ___________
Denominator for
Diluted earnings
(loss) per share -
Adjusted weighted
Average shares 7,184,673 7,225,450 7,174,235 7,210,860
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