EXHIBIT 11 - COMPUTATION OF NET EARNINGS PER COMMON SHARE (UNAUDITED)
Three Months Ended Six Months Ended
February 28, February 28,
1995 1994 1995 1994
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(Amounts in thousands, except per share data)
Primary
Average shares outstanding 9,578 8,372 9,026 8,351
Net effect of dilutive stock
options--based on the
treasury stock method
using average market price 407 319 388 317
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Total 9,985 8,691 9,414 8,668
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Net income $ 2,874 $ 2,554 $ 5,834 $ 4,946
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Per share data:
Net income $0.29 $0.29 $.62 $ 0.57
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Fully diluted
Average shares outstanding 9,578 8,372 9,026 8,351
Net effect of dilutive stock
options--based on the
treasury stock method
using average market price
or closing price if higher 417 350 428 355
Net effect of dilutive
convertible debentures--
based on the stated conversion
price of $14 per share 743 1,851 1,282 1,851
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Total 10,738 10,573 10,736 10,557
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Net income $ 2,874 $ 2,554 $ 5,834 $ 4,946
Convertible bond interest,
net of income tax effect 118 301 408 610
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$ 2,992 $ 2,855 $ 6,242 $ 5,556
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Per share data:
Net income $0.28 $0.27 $0.58 $ 0.53
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EXHIBIT 11
21