EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
                     (Thousands Except Per Share Amounts)

                                                 Year Ended March 31        
                                           1997          1996         1995
Primary Earnings Per Share               

Net income                               $ 5,300       $16,670      $ 9,324
Preferred stock dividends                      2             2            3
                                         $ 5,298       $16,668      $ 9,321

Shares outstanding                       
  Weighted average common shares          12,347        12,341       12,354
  Net common shares issuable on                                     
    exercise of stock options                 84            37            1
  Average common shares outstanding
    as adjusted                           12,431        12,378       12,355

Primary earnings per share               $   .43       $  1.35      $   .76

Fully Diluted Earnings Per Share

Net income                               $ 5,300       $16,670      $ 9,324
Interest on convertible debentures,                                 
  net of applicable income taxes                                          8
                                         $ 5,300       $16,670      $ 9,332
                                                                    
Shares outstanding                                                  
  Average common shares as adjusted                                 
    for primary computation               12,431        12,378       12,355
  Common shares issuable if the                                     
    preferred stock and convertible                                 
    debentures were converted at                                    
    the beginning of the year                  4             5           32
  Additional common shares issuable          
    on exercise of stock options              19            13            1
  Average common shares outstanding          
    as adjusted                           12,454        12,396       12,388  
                                             
Fully diluted earnings per share         $   .43       $  1.35      $   .75