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 September 30, -------------------- 1999 1998 ---- ---- Diluted Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period 8,411 8,897 Weighted average shares issued 1 11 Weighted average shares of treasury stock acquired - (67) Incremental shares of common stock outstanding giving effect to stock options 183 118 -------- -------- Weighted balance - end of period 8,595 8,959 ======== ======== For the three months ended September 30, -------------------- 1999 1998 ---- ---- Basic Earnings Per Share: Weighted average shares of Common stock outstanding: Balance outstanding - beginning of period 8,411 8,897 Weighted average shares issued 1 11 Weighted average shares of treasury stock acquired - (67) -------- -------- Weighted balance - end of period 8,412 8,841 ======== ======== Exhibit 11 COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK (In Thousands) For the nine months ended September 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 - 36 Weighted average shares of treasury stock acquired (114) (22) Incremental shares of common stock outstanding giving effect to stock options 145 - -------- -------- Weighted balance - end of period 8,580 8,878 ======== ======== For the nine months ended September 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 - 36 Weighted average shares of treasury stock acquired (114) (22) -------- -------- Weighted balance - end of period 8,435 8,878 ======== ========