Exhibit Index Exhibit Number ------ 11 - Statement re computation of per-share earnings Exhibit 11 COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK (In Thousands) For the three months ended June 30, ----------------------------------- 1999 1998 -------- -------- Diluted Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period ........... 8,420 8,897 Weighted average shares of treasury stock acquired ............................. (6) -- Incremental shares of common stock outstanding giving effect to stock options .......... 132 -- ------ ------ Weighted balance - end of period .................... 8,546 8,897 ====== ====== For the three months ended June 30, ----------------------------------- 1999 1998 -------- -------- Basic Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period ........... 8,420 8,897 Weighted average shares of treasury stock acquired ............................. (6) -- ------ ------ Weighted balance - end of period .................... 8,414 8,897 ====== ====== Exhibit 11 COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK (In Thousands) For the three months ended June 30, ----------------------------------- 1999 1998 -------- -------- Diluted Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period ........... 8,549 8,864 Weighted average shares issued ...................... -- 32 Weighted average shares of treasury stock acquired ............................. (101) -- Incremental shares of common stock outstanding giving effect to stock options .......... 127 -- ------ ------ Weighted balance - end of period .................... 8,575 8,896 ====== ====== For the three months ended June 30, ----------------------------------- 1999 1998 -------- -------- Basic Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period ........... 8,549 8,864 Weighted average shares issued ...................... -- 32 Weighted average shares of treasury stock acquired ............................. (101) -- ------ ------ Weighted balance - end of period .................... 8,448 8,896 ====== ======