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EXHIBIT 11.1 Statement re computation of per share earnings
Earnings per share – basic, are based upon the Company’s weighted average number of common shares outstanding.
2006 | 2005 | 2004 | |||||||
Net Income | $8,739 | $9,544 | $4,810 | ||||||
Weighted average shares outstanding – basic | 9,775 | 9,677 | 9,574 | ||||||
Shares issuable upon exercise of dilutive options | 318 | 359 | 503 | ||||||
Less: shares assumed repurchased | (32 | ) | (78 | ) | (164 | ) | |||
Weighted average shares outstanding – diluted | 10,061 | 9,958 | 9,913 | ||||||
Earnings per share – basic | $.89 | $0.99 | $0.50 | ||||||
Earnings per share – diluted | $.87 | $0.96 | $0.49 | ||||||