EXHIBIT 11
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Nine Months Ended
October 31, October 31,
---------------------------- ----------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
BASIC:
Net income from continuing operations $ 1,010,000 $ 1,643,000 $ 3,631,000 $ 2,981,000
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
----------- ----------- ----------- -----------
Basic income per share from continuing
operations $ 0.14 $ 0.24 $ 0.52 $ 0.45
=========== =========== =========== ===========
Net income (loss) from discontinued
operations $ -- $ (121,000) $ -- $ 378,000
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
----------- ----------- ----------- -----------
Basic income (loss) per share from
discontinued operations $ -- $ (0.02) $ -- $ 0.05
=========== =========== =========== ===========
Net income $ 1,010,000 $ 1,522,000 $ 3,631,000 $ 3,359,000
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
----------- ----------- ----------- -----------
Basic income per share $ 0.14 $ 0.22 $ 0.52 $ 0.50
=========== =========== =========== ===========
1
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Nine Months Ended
October 31, October 31,
----------------------------- -----------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
DILUTED:
Net income from continuing operations $ 1,010,000 $ 1,643,000 $ 3,631,000 $ 2,981,000
Effect of subsidiary options (44,000) (95,000) (178,000) (211,000)
----------- ----------- ----------- -----------
Net income used in calculation of diluted
income per share from continuing
operations $ 966,000 $ 1,548,000 $ 3,453,000 $ 2,770,000
=========== =========== =========== ===========
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
Effect of dilutive securities -- stock options 86,000 220,000 96,000 293,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share from continuing
operations 7,088,000 7,051,000 7,136,000 6,970,000
=========== =========== =========== ===========
Diluted income per share from continuing
operations $ 0.14 $ 0.22 $ 0.48 $ 0.40
=========== =========== =========== ===========
Net income (loss) from discontinued operations $ -- $ (121,000) $ -- $ 378,000
Effect of subsidiary options -- -- -- --
----------- ----------- ----------- -----------
Net income (loss) used in calculation of
diluted income per share from
discontinued operations $ -- $ (121,000) $ -- $ 378,000
=========== =========== =========== ===========
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
Effect of dilutive securities -- stock options 86,000 220,000 96,000 293,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share from discontinued
operations 7,088,000 7,051,000 7,136,000 6,970,000
=========== =========== =========== ===========
Diluted income (loss) per share from discontinued
operations $ -- $ (0.02) $ -- $ 0.05
=========== =========== =========== ===========
2
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Nine Months Ended
October 31, October 31,
----------------------------- -----------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
Net income $ 1,010,000 $ 1,522,000 $ 3,631,000 $ 3,359,000
Effect of subsidiary options (44,000) (95,000) (178,000) (211,000)
----------- ----------- ----------- -----------
Net income used in calculation of diluted
income per share $ 966,000 $ 1,427,000 $ 3,453,000 $ 3,148,000
=========== =========== =========== ===========
Weighted average shares outstanding 7,002,000 6,831,000 7,040,000 6,677,000
Effect of dilutive securities -- stock options 86,000 220,000 96,000 293,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share 7,088,000 7,051,000 7,136,000 6,970,000
=========== =========== =========== ===========
Diluted income per share $ 0.14 $ 0.20 $ 0.48 $ 0.45
=========== =========== =========== ===========
3