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Exhibit 11 | |||||||||||||||||||||||||
Statement Re: Computation of Per Share Earnings | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
July 31, | July 31, | ||||||||||||||||||||||||
2005 | 2004 | 2005 | 2004 | ||||||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||||||
Basic | Diluted | Basic | Diluted | Basic | Diluted | Basic | Diluted | ||||||||||||||||||
Net income | $ | 2,879 | $ | 2,879 | $ | 1,582 | $ | 1,582 | $ | 9,208 | $ | 9,208 | $ | 3,988 | $ | 3,988 | |||||||||
Weighted average shares | |||||||||||||||||||||||||
outstanding | 6,206 | 6,206 | 5,882 | 5,882 | 6,156 | 6,156 | 5,722 | 5,722 | |||||||||||||||||
Dilutive effect if stock options | -- | 173 | -- | 322 | -- | 169 | -- | 242 | |||||||||||||||||
6,206 | 6,379 | 5,882 | 6,204 | 6,156 | 6,325 | 5,722 | 5,964 | ||||||||||||||||||
Income per common share | $ | 0.46 | $ | 0.45 | $ | 0.27 | $ | 0.25 | $ | 1.50 | $ | 1.46 | $ | 0.70 | $ | 0.67 |