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Exhibit 11 | |||||||||||||||||||||||||
Computation of Per Share Earnings | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
April 30, | April 30, | ||||||||||||||||||||||||
2007 | 2006 | 2007 | 2006 | ||||||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||||||
Basic | Diluted | Basic | Diluted | Basic | Diluted | Basic | Diluted | ||||||||||||||||||
Net income | $ | 4,680 | $ | 4,680 | $ | 3,929 | $ | 3,929 | $ | 10,075 | $ | 10,075 | $ | 6,962 | $ | 6,962 | |||||||||
Weighted-average shares | |||||||||||||||||||||||||
outstanding | 6,373 | 6,373 | 6,291 | 6,291 | 6,373 | 6,373 | 6,291 | 6,291 | |||||||||||||||||
Dilutive effect of stock options | -- | 58 | -- | 86 | -- | 54 | -- | 86 | |||||||||||||||||
6,373 | 6,431 | 6,291 | 6,377 | 6,373 | 6,427 | 6,291 | 6,377 | ||||||||||||||||||
Income per common share | $ | 0.73 | $ | 0.73 | $ | 0.62 | $ | 0.62 | $ | 1.58 | $ | 1.57 | $ | 1.11 | $ | 1.09 |
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