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Exhibit No. 11.1
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Three Months Ended March 31, 2004 | |||||
Shares | Earnings Per Share | ||||
(in Thousands) | |||||
Basic Weighted AverageShares Outstanding | 5,696 | $ | 0.34 | ||
Diluted | |||||
Average Shares Outstanding | 5,696 | ||||
Common Stock Equivalents | 16 | ||||
5,712 | $ | 0.34 | |||
Three Months Ended March 31, 2003 | |||||
Shares | Earnings Per Share | ||||
(in Thousands) | |||||
Basic Weighted AverageShares Outstanding | 5,695 | $ | 0.29 | ||
Diluted | |||||
Average Shares Outstanding | 5,695 | ||||
Common Stock Equivalents | 21 | ||||
5,716 | $ | 0.29 | |||
All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on September 1, 2003.