EXHIBIT 11.1
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Three Months Ended | Three Months Ended | |||||||||||||||
June 30, 2008 | June 30, 2007 | |||||||||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||||||||
(in Thousands) | (in Thousands) | |||||||||||||||
Basic Weighted Average Shares Outstanding | 7,198 | $ | 0.04 | 7,188 | $ | 0.38 | ||||||||||
Diluted | ||||||||||||||||
Average Shares Outstanding | 7,198 | 7,188 | ||||||||||||||
Common Stock Equivalents | --- | 10 | ||||||||||||||
7,198 | $ | 0.04 | 7,198 | $ | 0.38 |
Six Months Ended | Six Months Ended | |||||||||||||||
June 30, 2008 | June 30, 2007 | |||||||||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||||||||
(in Thousands) | (in Thousands) | |||||||||||||||
Basic Weighted Average Shares Outstanding | 7,195 | $ | 0.35 | 7,185 | $ | 0.72 | ||||||||||
Diluted | ||||||||||||||||
Average Shares Outstanding | 7,195 | 7,185 | ||||||||||||||
Common Stock Equivalents | --- | 11 | ||||||||||||||
7,195 | $ | 0.35 | 7,196 | $ | 0.72 |