EXHIBIT 11.1
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Six Months Ended June 30, 2004 | Three Months Ended June 30, 2004 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 5,702 | $ | 0.69 | 5,708 | $ | 0.35 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 5,702 | 5,708 | ||||||||
Common Stock Equivalents | 18 | 17 | ||||||||
5,720 | $ | 0.69 | 5,725 | $ | 0.35 | |||||
Six Months Ended June 30, 2003 | Three Months Ended June 30, 2003 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 5,702 | $ | 0.58 | 5,702 | $ | 0.29 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 5,702 | 5,702 | ||||||||
Common Stock Equivalents | 14 | 14 | ||||||||
5,716 | $ | 0.58 | 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.