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

 

     Nine Months Ended
September 30, 2005


   Three Months Ended
September 30, 2005


     Shares

   Earnings
Per Share


   Shares

   Earnings
Per Share


     (in Thousands)    (in Thousands)

Basic Weighted Average Shares Outstanding

   7,144    $ 0.93    7,144    $ 0.32
    
  

  
  

Diluted

                       

Average Shares Outstanding

   7,144           7,144       

Common Stock Equivalents

   30           28       
    
         
      
     7,174    $ 0.93    7,172    $ 0.31
    
  

  
  

     Nine Months Ended
September 30, 2004


   Three Months Ended
September 30, 2004


     Shares

   Earnings
Per Share


   Shares

   Earnings
Per Share


     (in Thousands)    (in Thousands)

Basic Weighted Average Shares Outstanding

   7,130    $ 0.84    7,135    $ 0.29
    
  

  
  

Diluted

                       

Average Shares Outstanding

   7,130           7,135       

Common Stock Equivalents

   24           24       
    
         
      
     7,154    $ 0.84    7,159    $ 0.29
    
  

  
  

 

All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on May 16, 2005.

 

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