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Exhibit 11
COMPUTATION OF PER SHARE EARNINGS
Exhibit 11
Statement Re: Computation of Per Share Earnings
Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||
October 31, | October 31, | ||||||||||||||||||||||||
2005 | 2004 | 2005 | 2004 | ||||||||||||||||||||||
(in thousands, except per share amount) | |||||||||||||||||||||||||
Basic | Diluted | Basic | Diluted | Basic | Diluted | Basic | Diluted | ||||||||||||||||||
Net income | $ | 7,235 | $ | 7,235 | $ | 2,281 | $ | 2,281 | $ | 16,443 | $ | 16,443 | $ | 6,269 | $ | 6,269 | |||||||||
Weighted average shares outstanding | 6,216 | 6,216 | 5,969 | 5,969 | 6,171 | 6,171 | 5,784 | 5,784 | |||||||||||||||||
Assumed issuances under stock options plans | -- | 167 | -- | 294 | -- | 165 | -- | 242 | |||||||||||||||||
6,216 | 6,383 | 5,969 | 6,263 | 6,171 | 6,336 | 5,784 | 6,026 | ||||||||||||||||||
Income per common share | $ | 1.16 | $ | 1.13 | $ | 0.38 | $ | 0.36 | $ | 2.66 | $ | 2.60 | $ | 1.08 | $ | 1.04 |