EXHIBIT 11.1
 
                STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
                 (amounts in thousands except per share data)
 
 
 
 
Year Ending May 31,                         1996      1995
- -------------------                         ------    ------
                                                
Net income from continuing operations       $4,778    $  705
                                            ------    ------
Net income                                  $6,982    $3,002
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Weighted average number of common shares
   outstanding                               4,133     4,218
 
Common share equivalents assuming
   exercise of stock options and 
   warrants                                    260       122
                                            ------    ------
Average shares used in computing  
   earnings per share                        4,393     4,340
 
Net income per share from continuing 
 operations                                 $ 1.09    $ 0.16
Net income per share from discontinued  
 operations                                   0.50      0.53
                                            ------    ------
Total earnings per share                    $ 1.59    $ 0.69
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