EX-11.1 5 ex11_1.htm EXHIBIT 11.1 ex11_1.htm
 
 
 

EXHIBIT 11.1 Statement re computation of per share earnings
 

Earnings per share – basic, are based upon the Company’s weighted average number of common shares outstanding.

 
2007
2006
  
 
(In thousands – except per share data)
Net Income
$4,544
$8,739
  
Weighted average shares outstanding – basic
9,796
9,775
  
Shares issuable upon exercise of dilutive options
258
318
  
Less: shares assumed repurchased
(19)
(32)
  
Weighted average shares outstanding – diluted
10,035
10,061
  
Earnings per share – basic
$0.46
$0.89
  
Earnings per share – diluted
$0.45
$0.87