EXHIBIT 11
Computation of weighted average number of shares of common stock
<TABLE>
<CAPTION>
For the three For the nine
months ended Sept. months ended Sept.
1999 2000 1999 2000
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<S> <C> <C> <C> <C>
Shares outstanding at beginning
of period (net of 25,000
shares held in treasury)............... 15,275 15,319 15,158 15,279
Weighted average shares issued............. 1 5 70 28
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Shares used in the calculation of
Basic EPS (weighted average
shares outstanding................. 15,276 15,324 15,228 15,307
Effect of dilutive securities.............. 333 97 363 190
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Shares used in the calculation of
Diluted EPS............................ 15,609 15,421 15,591 15,497
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</TABLE>