EXHIBIT 11.01
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(in thousands, except per share data)
THREE MONTHS ENDED NINE MONTHS ENDED
JUNE 30, JUNE 30,
1996 1995 1996 1995
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Primary:
Average common shares outstanding 18,164 14,791 17,830 14,386
Net effect of dilutive stock
options - based on the modified treasury
stock method using average
market price 248 - 120 -
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Totals 18,412 14,791 17,950 14,386
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Net income (loss) $ 4,713 $ (3,112) $ 8,849 $(13,857)
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Per share amount $ 0.26 $ (0.21) $ 0.49 $ (0.96)
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Fully diluted:
Average common shares outstanding 18,164 14,791 17,830 14,386
Net effect of dilutive stock
options - based on the modified treasury stock method
using quarter end market price which is greater than
average market price 251 - 121 -
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Totals 18,415 14,791 17,951 14,386
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Net income (loss) $ 4,713 $ (3,112) $ 8,849 $(13,857)
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Per share amount* $ 0.26 $ (0.21) $ 0.49 $ (0.96)
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* The primary net income (loss) per share is shown in the statements of
operations. Net income (loss) per share under the primary and fully
diluted calculations are equivalent.
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