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New words:
adjacent, award, awarded, building, carryover, creating, feet, FIN, framework, implemented, Interpretation, interpretive, minimum, misstatement, Pension, postretirement, quantify, quantifying, receipt, relevant, retirement, SAB, SEC, settled, shareholder, sharply, single, slowdown, software, square, sum, undertaken
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attendant, closely, predicting, revenue
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Exhibit 11
Statement of Computation of Per Share Earnings
Set forth below are the bases for the computation of earnings per share for the periods shown.
|
| Nine Months Ended |
| ||||
|
| September 30, |
| ||||
|
| 2006 |
| 2005 |
| ||
Earnings Per Common Share |
|
|
|
|
| ||
|
|
|
|
|
| ||
Basic |
| $ | 0.62 |
| $ | 0.59 |
|
Average Shares Outstanding |
| 9,423,239 |
| 9,221,532 |
| ||
Diluted |
| $ | 0.60 |
| $ | 0.56 |
|
Average Shares Outstanding (including dilutive effect of stock options) |
| 9,853,794 |
| 9,795,245 |
| ||
|
| Three Months Ended |
| ||||
|
| September 30, |
| ||||
|
| 2006 |
| 2005 |
| ||
Earnings Per Common Share |
|
|
|
|
| ||
|
|
|
|
|
| ||
Basic |
| $ | 0.20 |
| $ | 0.25 |
|
Average Shares Outstanding |
| 9,423,947 |
| 9,255,834 |
| ||
Diluted |
| $ | 0.19 |
| $ | 0.23 |
|
Average Shares Outstanding (including dilutive effect of stock options) |
| 9,869,514 |
| 9,849,610 |
| ||