EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share amounts) Three Months Ended Nine Months Ended January 31, January 31, 1995 1994 1995 1994 Primary earnings per share: Average share outstanding 4,836,300 4,780,300 4,818,400 4,776,300 Net effect of dilutive stock options and warrants-based on the treasury stock method using average market price 328,800 17,300 274,900 0 5,165,100 4,797,600 5,093,300 4,776,300 Net income (loss) $ 478,000 $ 383,800 $1,398,600 $ (29,600) Net income (loss) per share $ .09 $ .08 $ .27 $ (.01) Fully-diluted earnings per share: Average shares outstanding 4,836,300 4,780,300 4,818,400 4,776,300 Net effect of dilutive stock options and warrants-based on the treasury stock method using ending market price (or average market price if higher) 371,800 61,300 375,200 0 5,208,100 4,841,600 5,193,600 4,776,300 Net income (loss) $ 478,000 $ 383,300 $1,398,600 $ (29,600) Net income (loss) per share $ .09 $ .08 $ .27 $ (.01)