EXHIBIT 11
Statement Re: Computation of Per Share Earnings
Three Months Ended
January 31,
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2001 2000
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(in thousands, except per share amounts)
Basic Diluted Basic Diluted
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Net income $567 $567 $459 $459
Weighted average shares outstanding 5,867 5,867 5,952 5,952
Dilutive effect of stock options -- 38 -- 56
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5,867 5,905 5,952 6,008
Earnings per common share $.10 $.10 $.08 $.08
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