EX-11 2 p06-1751ex11.htm COMPUTATION OF EARNINGS Unassociated Document

 

EXHIBIT 11
 
COMPUTATION OF NET INCOME PER SHARE
(In thousands, except share data)
(Unaudited)
 
   
Three Months Ended
  
Six Months Ended
   
September 30,
September 30,
   
2006
  
2005
  
2006
 
2005
Earnings (loss) per common share - basic
            
 
  
Net income (loss)
  
$ (904
 ) 
$ 601
 
$ (102
) 
$ 1,442
             
 
  
Weighted average common shares
            
 
  
outstanding - basic
 
2,509,088
  
2,510,477
2,507,466
 
2,505,469
             
 
  
Earning (loss) per common share - basic
 
$ (0.36
 ) 
$ 0.24
 
$ (0.04
) 
$ 0.58
             
 
  
             
 
  
Earnings (loss) per common share - diluted
          
 
  
Net (loss) income - basic and diluted
  
$ (904
 ) 
$ 601
 
$ (102
) 
$ 1,442
             
 
  
Weighted average common shares
            
 
  
outstanding - basic
 
2,509,088
  
2,510,477
2,507,466
 
2,505,469
Effect of dilutive securities - convertible
     
 
    
 
  
preferred stock
 
-
 
-
-
 
-
Effect of dilutive securities - options
 
60,914
  
62,679
  
61,503
 
65,070
Weighted average shares
            
 
  
outstanding - diluted
 
2,570,002
  
2,573,156
2,568,969
 
2,570,539
             
 
  
Earning (loss) per common share-diluted
 
$ (0.36
 ) 
$ 0.23
 
$ (0.04
) 
$ 0.56

 
 
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