Exhibit 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Statement Re: Computation of Per Share Earnings Three Months Ended January 31, ----------------------------------------------------- 2000 1999 ------------------------ ------------------------ (in thousands, except per share amount) Basic Diluted Basic Diluted ------------------------ ------------------------ Net income $459 $459 $175 $175 Weighted average shares outstanding 5,952 5,952 6,074 6,074 Assumed issuances under stock options plans - 56 - 98 ------------------------ ------------------------ 5,952 6,008 6,074 6,172 Earnings per common share $0.08 $0.08 $0.03 $0.03 ======================== ========================