Exhibit 11
Calculation of Earnings Per Share
(In Thousands, Except Per-Share Data)
Three Months Ended
September 30,
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1995 1994
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Fully Fully
Primary Diluted Primary Diluted
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Weighted average shares outstanding:
Common stock 8,115 8,115 8,075 8,705
Stock options 687 696 617 617
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Total 8,802 8,811 8,692 8,692
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Net income $ 3,670 3,670 3,756 3,756
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Net income per share $ 0.41 0.41 0.43 0.43
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Three Months Ended
September 30,
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1995 1994
-------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
-------- -------- -------- --------
Weighted average shares outstanding:
Common stock 8,108 8,108 8,060 8,060
Stock options 635 659 588 607
-------- -------- -------- --------
Total 8,743 8,767 8,648 8,667
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Net income $12,119 12,119 10,887 10,887
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Net income per share $ 1.38 1.38 1.25 1.25
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