EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended June 30,
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1996 1995
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(In thousands, except per share amount)
Net Income $11,723 $ 9,702
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Weighted average common shares outstanding 8,594 9,327
Common stock equivalents due to dilutive
effect of stock option 323 60
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Total weighted average common shares and
equivalents outstanding 8,917 9,387
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Earnings per common and common share equivalents $ 1.31 $ 1.03
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Total weighted average common shares and
equivalents outstanding 8,917 9,387
Additional dilutive shares using ending period
market value versus average market value for
the period when utilizing the treasury stock
method regarding stock options 29 17
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Total shares for fully dilutive earnings per share 8,946 9,404
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Fully diluted earnings per common and
common share equivalents $ 1.31 $ 1.03
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43