EX-11 2 ex11.htm COMPUTATION OF PER SHARE EARNINGS ex11.htm
Exhibit 11
Computation of Per Share Earnings
 
   
Three Months Ended
  
Nine Months Ended
   
July 31,
  
July 31,
   
2008
  
2007
  
2008
  
2007
(in thousands, except per share data)
                        
   
Basic
Diluted
  
Basic
Diluted
  
Basic
Diluted
  
Basic
Diluted
                         
Net income
  
$5,826
$5,826
  
$5,163
$5,163
  
$19,098
$19,098
  
$15,239
$15,239
                         
Weighted-average shares
                        
outstanding
  
6,414
6,414
  
6,379
6,379
  
6,414
6,414
  
6,379
6,379
                         
Dilutive effect of stock options
  
--
25
  
--
61
  
--
31
  
--
56
   
6,414
6,439
  
6,379
6,440
  
6,414
6,445
  
6,379
6,435
                         
Income per common share
  
$   0.91
$  0.90
  
$   0.81
$  0.80
  
$   2.98
$  2.96
  
$   2.39
$  2.37

 
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