EXHIBIT 11.1
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Nine Months Ended September 30, 2005 | Three Months Ended September 30, 2005 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 7,144 | $ | 0.93 | 7,144 | $ | 0.32 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 7,144 | 7,144 | ||||||||
Common Stock Equivalents | 30 | 28 | ||||||||
7,174 | $ | 0.93 | 7,172 | $ | 0.31 | |||||
Nine Months Ended September 30, 2004 | Three Months Ended September 30, 2004 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 7,130 | $ | 0.84 | 7,135 | $ | 0.29 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 7,130 | 7,135 | ||||||||
Common Stock Equivalents | 24 | 24 | ||||||||
7,154 | $ | 0.84 | 7,159 | $ | 0.29 | |||||
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.
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