EX-11 3 dex11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Statement re: Computation of Per Share Earnings

EXHIBIT NO. 11

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

  

 

 

Year Ended
December 31, 2002

 

 

 

 

 

 

Shares

 

Earnings
Per Share

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

Basic Weighted Average Shares Outstanding

 

4,485

 

$

1.28

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

Average Shares Outstanding

 

4,485

 

 

 

Common Stock Equivalents

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,485

 

$

1.28

 

 

 

 

 

  

 

 

Year Ended
December 31, 2001

 

 

 

 

 

 

 

 

 

 

Basic Weighted Average Shares Outstanding

 

4,422

 

$

1.10

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

Average Shares Outstanding

 

4,422

 

 

 

Common Stock Equivalents

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,422

 

$

1.10