EXHIBIT 11
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||
2002 | 2001 | 2002 | 2001 | |||||||||||
Basic: | ||||||||||||||
| Net income (loss) before cumulative effect of accounting change | $ | (6,725 | ) | $ | 1,614 | $ | (7,263 | ) | $ | 2,621 | ||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||
| Basic income (loss) per share before cumulative effect of accounting change | $ | (0.96 | ) | $ | 0.23 | $ | (1.04 | ) | $ | 0.37 | ||||
| Cumulative effect of accounting change | $ | — | $ | — | $ | (2,926 | ) | $ | — | |||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||
| Basic loss per share from cumulative effect of accounting change | $ | — | $ | — | $ | (0.42 | ) | $ | — | |||||
| Net income (loss) | $ | (6,725 | ) | $ | 1,614 | $ | (10,189 | ) | $ | 2,621 | ||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||
| Basic income (loss) per share | $ | (0.96 | ) | $ | 0.23 | $ | (1.46 | ) | $ | 0.37 | ||||
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EXHIBIT 11
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
2002 | 2001 | 2002 | 2001 | |||||||||||||
Diluted: | ||||||||||||||||
| Net income (loss) before cumulative effect of accounting change | $ | (6,725 | ) | $ | 1,614 | $ | (7,263 | ) | $ | 2,621 | ||||||
| Effect of subsidiary options | — | (77 | ) | — | (121 | ) | ||||||||||
| Net income used in calculation of diluted income (loss) per share before cumulative effect of accounting change | $ | (6,725 | ) | $ | 1,537 | $ | (7,263 | ) | $ | 2,500 | ||||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||||
| Effect of dilutive securities—stock options | — | 103 | — | 102 | ||||||||||||
| Weighted average shares used in calculation of diluted income (loss) per share before cumulative effect of accounting change | 6,972 | 7,158 | 6,970 | 7,161 | ||||||||||||
| Diluted income (loss) per share before cumulative effect of accounting change | $ | (0.96 | ) | $ | 0.21 | $ | (1.04 | ) | $ | 0.35 | ||||||
| Cumulative effect of accounting change | $ | — | $ | — | $ | (2,926 | ) | $ | — | |||||||
| Effect of subsidiary options | — | — | — | — | ||||||||||||
| Net loss used in calculation of diluted loss per share from cumulative effect of accounting change | $ | — | $ | — | $ | (2,926 | ) | $ | — | |||||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||||
| Effect of dilutive securities—stock options | — | 103 | — | 102 | ||||||||||||
| Weighted average shares used in calculation of diluted loss per share from cumulative effect of accounting change | 6,972 | 7,158 | 6,970 | 7,161 | ||||||||||||
| Diluted loss per share from cumulative effect of accounting change | $ | — | $ | — | $ | (0.42 | ) | $ | — | |||||||
| Net income (loss) | $ | (6,725 | ) | $ | 1,614 | $ | (10,189 | ) | $ | 2,621 | ||||||
| Effect of subsidiary options | — | (77 | ) | — | (121 | ) | ||||||||||
| Net income used in calculation of diluted income (loss) per share | $ | (6,725 | ) | $ | 1,537 | $ | (10,189 | ) | $ | 2,500 | ||||||
| Weighted average shares outstanding | 6,972 | 7,055 | 6,970 | 7,059 | ||||||||||||
| Effect of dilutive securities—stock options | — | 103 | — | 102 | ||||||||||||
| Weighted average shares used in calculation of diluted income (loss) per share | 6,972 | 7,158 | 6,970 | 7,161 | ||||||||||||
| Diluted income (loss) per share | $ | (0.96 | ) | $ | 0.21 | $ | (1.46 | ) | $ | 0.35 | ||||||
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