EXHIBIT 11
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
Three Months Ended October 31, | Nine Months Ended October 31, | ||||||||||||
2002 | 2001 | 2002 | 2001 | ||||||||||
Basic: | |||||||||||||
| Net income (loss) before cumulative effect of accounting change | $ | 1,486 | $ | 1,010 | $ | (5,777 | ) | $ | 3,631 | ||||
| Weighted average shares outstanding | 6,987 | 7,002 | 6,975 | 7,040 | |||||||||
| Basic income (loss) per share before cumulative effect of accounting change | $ | 0.21 | $ | 0.14 | $ | (0.83 | ) | $ | 0.52 | ||||
| Cumulative effect of accounting change | $ | — | $ | — | $ | (2,926 | ) | $ | — | ||||
| Weighted average shares outstanding | 6,987 | 7,002 | 6,975 | 7,040 | |||||||||
| Basic loss per share from cumulative effect of accounting change | $ | — | $ | — | $ | (0.42 | ) | $ | — | ||||
| Net income (loss) | $ | 1,486 | $ | 1,010 | $ | (8,703 | ) | $ | 3,631 | ||||
| Weighted average shares outstanding | 6,987 | 7,002 | 6,975 | 7,040 | |||||||||
| Basic income (loss) per share | $ | 0.21 | $ | 0.14 | $ | (1.25 | ) | $ | 0.52 | ||||
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SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
2002 | 2001 | 2002 | 2001 | |||||||||||||
Diluted: | ||||||||||||||||
| Net income (loss) before cumulative effect of accounting change | $ | 1,486 | $ | 1,010 | $ | (5,777 | ) | $ | 3,631 | |||||||
| Effect of subsidiary options | (36 | ) | (44 | ) | — | (178 | ) | |||||||||
| Net income used in calculation of diluted income (loss) per share before cumulative effect of accounting change | $ | 1,450 | $ | 966 | $ | (5,777 | ) | $ | 3,453 | |||||||
| Weighted average shares outstanding | 6,987 | 7,002 | 6,975 | 7,040 | ||||||||||||
| Effect of dilutive securities—stock options | 23 | 86 | — | 96 | ||||||||||||
| Weighted average shares used in calculation of diluted income (loss) per share before cumulative effect of accounting change | 7,010 | 7,088 | 6,975 | 7,136 | ||||||||||||
| Diluted income (loss) per share before cumulative effect of accounting change | $ | 0.21 | $ | 0.14 | $ | (0.83 | ) | $ | 0.48 | |||||||
| 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 | 6,987 | 7,002 | 6,975 | 7,040 | ||||||||||||
| Effect of dilutive securities—stock options | 23 | 86 | — | 96 | ||||||||||||
| Weighted average shares used in calculation of diluted loss per share from cumulative effect of accounting change | 7,010 | 7,088 | 6,975 | 7,136 | ||||||||||||
| Diluted loss per share from cumulative effect of accounting change | $ | — | $ | — | $ | (0.42 | ) | $ | — | |||||||
| Net income (loss) | $ | 1,486 | $ | 1,010 | $ | (8,703 | ) | $ | 3,631 | |||||||
| Effect of subsidiary options | (36 | ) | (44 | ) | — | (178 | ) | |||||||||
| Net income used in calculation of diluted income (loss) per share | $ | 1,450 | $ | 966 | $ | (8,703 | ) | $ | 3,453 | |||||||
| Weighted average shares outstanding | 6,987 | 7,002 | 6,975 | 7,040 | ||||||||||||
| Effect of dilutive securities – stock options | 23 | 86 | — | 96 | ||||||||||||
| Weighted average shares used in calculation of diluted income (loss) per share | 7,010 | 7,008 | 6,975 | 7,136 | ||||||||||||
| Diluted income (loss) per share | $ | 0.21 | $ | 0.14 | $ | (1.25 | ) | $ | 0.48 | |||||||
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