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

EXHIBIT 11.1

 

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

 

     Three Months Ended
March 31, 2005
     Shares
    Earnings
Per Share
     (in Thousands)

Basic Weighted Average Shares Outstanding

    5,715    $ 0.38
    
  

Diluted

            

Average Shares Outstanding

    5,715       
             

Common Stock Equivalents

    17       
    
      
     5,732    $ 0.38
    
  
     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