EXHIBIT 11.1
ITEM 6 EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
11.1 Statement Re Computation of Per Share Earnings
27.1 Financial Data Schedule
(b) Reports on Form 8-K
None
Computation of Per Share Earnings (Loss)
(in thousands, except earnings (loss) per share)
Three Months Ended Nine Months Ended
September 30 September 30
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Primary 1996 1995 1996 1995
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Average shares outstanding 14,838 16,603 15,199 17,079
Net effect of the assumed exercise of stock options -
based on the treasury stock method using
average market price 372 208 325 85
Net effect of the assumed exercise of MRP's - based
on the treasury stock method using average
market price 164 77 127 31
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Average common & common stock equivalents 15,374 16,888 15,651 17,195
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Net income (loss) ($1,006) $3,746 $7,733 $12,540
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Earnings (loss) per share ($0.07) $0.22 $0.49 $0.73
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Fully Diluted
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Average shares outstanding 14,838 16,603 15,200 17,079
Net effect of the assumed exercise of stock options -
based on the treasury stock method using
average market price or period end market
price, whichever is higher 379 239 395 118
Net effect of the assumed exercise of MRP's - based
on the treasury stock method using average
market price or period end market price,
whichever is higher 165 85 143 36
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Average common & common stock equivalents 15,382 16,927 15,738 17,233
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Net income (loss) ($1,006) $3,746 $7,733 $12,540
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Earnings (loss) per share ($0.07) $0.22 $0.49 $0.73
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