CALCULATION OF NET INCOME PER COMMON SHARE
1997 1996 1995 1994 1993
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Dilutive options outstanding at
end of period (000) 188 0 0 625 489
Proceeds of dilutive options if
exercised (000) $ 199 $ 0 $ 0 $3,260 $1,123
- -Shares assumed to have been
repurchased from proceeds of
options if exercised (assuming
average share price) (000) 68 0 0 446 379
Increase in shares (000) 120 0 0 179 110
Weighted average common shares
outstanding (000) 4,410 4,076 3,848 3,631 3,804
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Weighted average common shares
outstanding for calculation of
primary and fully diluted earnings
per share (000) 4,530 4,076 3,848 3,810 3,914
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Net income (loss) (000) $ 426 ($5,857) ($2,321) $2,684 $1,745
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Net income (loss) per common
share as set forth in the
Statements of Operations based on
weighted average common shares
outstanding during each period $ 0.09 ($ 1.44) ($ 0.60) $ 0.70 $ 0.45
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Additional Primary and Fully
Diluted Earnings per Share
Computations*
Primary earnings per
common share $ 0.09 ($ 1.44) ($ 0.60) $ 0.70 $ 0.45
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Fully diluted earnings per common
share $ 0.09 ($ 1.44) ($ 0.60) $ 0.70 $ 0.45
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<F*> This calculation is submitted in accordance with Securities Exchange
Act of 1934 Release No. 9083 although not required by footnote 2 to
paragraph 14 of APB No. 15 because it results in dilution of less than
3%.