EXHIBIT 11.1 - COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share amounts) Three Months Ended July 31, ---------------------- 1996 1995 ------- ------- Primary: Earnings: Net loss $ (627) $ (113) Shares: Weighted average shares outstanding 5,036 5,039 Per share amounts: Net loss $ (.12) $ (.02) ------- ------- ------- ------- Fully diluted (A): Earnings: Net loss $ (627) $ (113) Shares: Weighted average shares outstanding 5,036 5,039 Net shares issuable on exercise of certain stock options 108 9 ------- ------- Weighted average shares outstanding, as adjusted 5,144 5,048 Per share amounts: Net loss $ (.12) $ (.02) ------- ------- ------- ------- Note A: This calculation is submitted in accordance with Regulation S-K item 601(b)(11) although it is contrary to paragraph 40 of APB Opinion No. 15 because it produces an anti-dilutive result.