EX-11.1 6 v026236_ex11-1.htm
Exhibit 11.1
 
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
 
   
YEAR ENDED JUNE 30,
  
   
2005
  
2004
  
2003
  
AVERAGE COMMON SHARES OUTSTANDING
    
1,114
    
1,107
    
1,105
  
                     
AVERAGE COMMON AND COMMON
EQUIVALENT SHARES OUTSTANDING
    
1,151
    
1,127
    
1,109
  
                     
NET INCOME (LOSS) FROM CONTINUING
OPERATIONS APPLICABLE TO COMMON STOCK
  
$
4
  
$
62
  
$
(202
)
                     
INCOME (LOSS) PER COMMON SHARE FROM
CONTINUING OPERATIONS:
                    
Basic
  
$
0.00
  
$
0.06
  
$
(0.18
)
Diluted (1)
  
$
0.00
  
$
0.05
  
$
(0.18
)
                     
NET EARNINGS FROM DISCONTINUED
OPERATIONS APPLICABLE TO COMMON STOCK
  
$
-
  
$
-
  
$
127
  
                     
EARNING PER COMMON SHARE FROM
DISCONTINUED OPERATIONS:
                    
Basic
  
$
-
  
$
-
  
$
0.11
  
Diluted
 
$
-
  
$
-
  
$
0.11
  
                     
NET INCOME (LOSS) APPLICABLE TO COMMON
STOCK
  
$
4
  
$
62
  
$
(75
)
                     
TOTAL INCOME (LOSS) PER COMMON SHARE:
                    
Basic
  
$
0.00
  
$
0.06
  
$
(0.07
)
Diluted (1)
  
$
0.00
  
$
0.05
  
$
(0.07
)
 
(1) For total loss per common share and loss per common share from continuing operations, the effect of potentially dilutive stock options has not been computed for any period presented because the effect would be anti-dilutive. Diluted common equivalent shares outstanding have been disclosed solely for purposes of calculating diluted earnings per share from discontinued operations.
 
 
 
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