EXHIBIT 11.1
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Six Months Ended June 30, 2005 | Three Months Ended June 30, 2005 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 7,144 | $ | 0.62 | 7,144 | $ | 0.31 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 7,144 | 7,144 | ||||||||
Common Stock Equivalents | 26 | 26 | ||||||||
7,170 | $ | 0.62 | 7,170 | $ | 0.31 | |||||
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 | 7,127 | $ | 0.55 | 7,135 | $ | 0.28 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 7,127 | 7,135 | ||||||||
Common Stock Equivalents | 22 | 21 | ||||||||
7,149 | $ | 0.55 | 7,156 | $ | 0.28 | |||||
All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on May 16, 2005.