EX-11 3 exhibit11.txt EXHIBIT 11 Exhibit 11 Statement Re: Computation of Per Share Earnings Three Months Ended Nine months Ended July 31, July 31, --------------------------------------------------------------------------------------------- 2003 2002 2003 2002 --------------------------------------------------------------------------------------------- (in thousands, except per share data) Basic Diluted Basic Diluted Basic Diluted Basic Diluted --------------------------------------------------------------------------------------------- Net income (loss)................... $ 331 $ 331 $ (651) $ (651) $ (112) $ (112) $ (6,503)$ (6,503) Weighted average shares outstanding.................... 5,583 5,583 5,583 5,583 5,583 5,583 5,583 5,583 Dilutive effect of stock options.... -- 47 -- -- -- -- -- -- --------------------------------------------------------------------------------------------- 5,583 5,630 5,583 5,583 5,583 5,583 5,583 5,583 Earnings (loss) per common share..... $ 0.06 $ 0.06 $ (0.12) $ (0.12) $ (0.02) $ (0.02) $ (1.16)$ (1.16) =============================================================================================