EXHIBIT 11 - STATMENT RE: COMPUTATION OF PER SHARE EARNINGS 					YEAR ENDED JULY 31, 				1995 1994 1993 					(AMOUNTS IN THOUSANDS, 					EXCEPT PER SHARE DATA) PRIMARY AVERAGE SHARES OUTSTANDING 10,736 10,797 10,884 INCOME FROM CONTINUING OPERATIONS $4,863 $7,884 $1,062 NET INCOME/(LOSS) $4,863 $7,884 $(1,006) PER SHARE AMOUNTS: INCOME FROM CONTINUING OPERATIONS $.45 $0.73 $0.10 NET INCOME/(LOSS) $.45 $0.73 $(0.09) FULLY DILUTED AVERAGE SHARES OUTSTANDING 10,736 10,797 10,884 ASSUMED CONVERSION OF CONVERTIBLE DEBENTURES 11,821 11,822 11,542 TOTAL 22,557 22,619 22,426 INCOME FROM CONTINUING OPERATIONS $4,863 $7,884 $1,062 ADD CONVERTIBLE DEBENTURES INTEREST AND AMORTIZATION OF DEFERRED CHARGES, NET OF INCOME TAXES 4,670 4,373 4,796 TOTAL $9,533 $12,257 $5,858 NET INCOME/(LOSS) $4,863 $7,884 $(1,006) ADD CONVERTIBLE DEBENTURES INTEREST AND AMORTIZATION OF DEFERRED CHARGES, NET OF INCOME TAXES 4,670 4,373 4,796 TOTAL $9,533 $12,257 $3,790 PER SHARE AMOUNTS: INCOME FROM CONTINUING OPERATIONS $.42 $.54 $.26 NET INCOME $.42 $.54 $.17