EX-11 2 0002.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Exhibit 11 COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Statement Re: Computation of Per Share Earnings Three Months Ended Twelve Months Ended October 31, October 31, ----------------------------------------------------------------------------------------- 2000 1999 2000 1999 ----------------------------------------------------------------------------------------- (in thousands, except per share amount) Basic Diluted Basic Diluted Basic Diluted Basic Diluted ----------------------------------------------------------------------------------------- Net income $ 3,567 $ 3,567 $ 674 $ 674 $ 5,035 $ 5,035 $ 1,802 $ 1,802 Weighted average shares outstanding 5,954 5,954 5,951 5,951 5,952 5,952 5,980 5,980 Assumed issuances under stock options plans - 62 - 50 - 67 - 81 ----------------------------------------------------------------------------------------- 5,954 6,016 5,951 6,001 5,952 6,020 5,980 6,061 Earnings per common share $ 0.60 $ 0.59 $ 0.11 $ 0.11 $ 0.85 $ 0.84 $ 0.30 $ 0.30 =========================================================================================