EX-11 2 exhibit_11.htm COMPUTATION OF PER SHARE EARNINGS Computation of Per Share Earnings

Exhibit 11
  
Statement Re: Computation of Per Share Earnings
  
       
   
Three Months Ended
  
   
January 31,
  
   
2005
  
2004
  
(in thousands, except per share data)
  
Basic
  
Diluted
  
Basic
  
Diluted
  
                   
Net income
  
$
3,030
  
$
3,030
  
$
669
  
$
669
  
                           
Weighted average shares
outstanding
    
6,071
    
6,071
    
5,588
    
5,588
  
                           
Dilutive effect of stock options
    
--
    
199
    
--
    
165
  
     
6,071
    
6,270
    
5,588
    
5,753
  
                           
Earnings per common share 
  
$
0.50
  
$
0.48
  
$
0.12
  
$
0.12