EXHIBIT 11 - COMPUTATION OF NET EARNINGS PER COMMON SHARE (UNAUDITED) Three Months Ended November 30, 1995 1994 ------------------------ (Amounts in thousands, except per share data) Primary Average shares outstanding 11,293 8,480 Net effect of dilutive stock options--based on the treasury stock method using average market price 15 350 ------- ------- Total 11,308 8,830 ======= ======= Net income $ 2,771 $ 2,638 ======= ======= Per share data: Net income $0.25 $ 0.30 ======= ======= Fully diluted Average shares outstanding 11,293 8,480 Net effect of dilutive stock options--based on the treasury stock method using average market price or closing price if higher 15 384 Net effect of dilutive convertible debentures-- based on the stated conversion price of $14 per share 1,786 ------- ------- Total 11,308 10,650 ======= ======= Net income $ 2,771 $ 2,638 Convertible bond interest, net of income tax effect 290 ------- ------- $ 2,771 $ 2,928 ======= ======= Per share data: Net income $0.25 $ 0.28 ======= ======= EXHIBIT 11