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Exhibit 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||||||
October 31, | October 31, | |||||||||||||||||||||||||||||||
2008 | 2007 | 2008 | 2007 | |||||||||||||||||||||||||||||
(in thousands, except per share amount) | ||||||||||||||||||||||||||||||||
Basic | Diluted | Basic | Diluted | Basic | Diluted | Basic | Diluted | |||||||||||||||||||||||||
Net income | $ | 3,422 | $ | 5,648 | $ | 5,648 | $ | 5,648 | $ | 20,520 | $ | 20,520 | $ | 20,889 | $ | 20,889 | ||||||||||||||||
Weighted average shares outstanding | 6,415 | 6,415 | 6,382 | 6,382 | 6,415 | 6,415 | 6,382 | 6,382 | ||||||||||||||||||||||||
Assumed issuances under stock options plans | -- | 21 | -- | 63 | -- | 29 | -- | 58 | ||||||||||||||||||||||||
6,415 | 6,436 | 6,382 | 6,445 | 6,415 | 6,444 | 6,382 | 6,440 | |||||||||||||||||||||||||
Income per common share | $ | .53 | $ | .53 | $ | .88 | $ | .88 | $ | 3.51 | $ | 3.49 | $ | 3.27 | $ | 3.24 |