EX-11.1 2 dex111.htm STATEMENT OF COMPUTATION OF EARNINGS PER SHARE Statement of Computation of Earnings Per Share

Exhibit No. 11.1

 

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

 

    

Three Months Ended

March 31, 2004

     Shares
   

Earnings

Per Share

     (in Thousands)

Basic Weighted Average Shares Outstanding

    5,696    $ 0.34
    
  

Diluted

            

Average Shares Outstanding

    5,696       

Common Stock Equivalents

    16       
    
      
     5,712    $ 0.34
    
  
    

Three Months Ended

March 31, 2003

     Shares
   

Earnings

Per Share

     (in Thousands)

Basic Weighted Average Shares Outstanding

    5,695    $ 0.29
    
  

Diluted

            

Average Shares Outstanding

    5,695       

Common Stock Equivalents

    21       
    
      
     5,716    $ 0.29
    
  

 

All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on September 1, 2003.