EX-11 3 ex11301k.txt EXHIBIT 11 FOR 3/31/2001 FORM 10-K
EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (Dollars and Shares in thousands, except per share data) March 31, 2001 March 31, 2000 March 31, 1999 -------------- -------------- -------------- BASIC EARNINGS PER SHARE: Weighted average shares outstanding 14,299 14,242 15,279 ============== ============== ============== Income from continuing operations 5,762 10,929 8,855 Total discontinued operations ( 8,596) ( 988) - -------------- -------------- -------------- Net income (loss) $( 2,834) $ 9,941 $ 8,855 ============== ============== ============== Income from continuing operations $ 0.40 $ 0.77 $ 0.58 Income (loss) from discontinued operations $( 0.60) $( 0.07) - -------------- -------------- -------------- Net income (loss) per share $( 0.20) $ 0.70 $ 0.58 ============== ============== ============== DILUTED EARNINGS PER SHARE: Basic weighted average shares outstanding 14,299 14,242 15,279 Convertible notes - - 2,598 Dilutive stock options - based on treasury stock method using the average market price 236 2 52 -------------- -------------- -------------- Total shares 14,535 14,244 17,929 ============== ============== ============== Income from continuing operations 5,762 10,929 10,620 Total discontinued operations ( 8,596) ( 988) - -------------- -------------- -------------- Net income (loss) $( 2,834) $ 9,941 $10,620 (1) ============== ============== ============== Income from continuing operations $ 0.40 $ 0.77 $ 0.58 Income (loss) from discontinued operations $( 0.60) $( 0.07) - -------------- -------------- -------------- Net income per share $( 0.20) $ 0.70 $ 0.58 (2) ============== ============== ============== (1) Adjusted for interest on convertible debt (2) Anti-dilutive; use basic earnings per share on Consolidated Statements of Income