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,
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1997 1996 1997 1996
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Primary:
Average common shares outstanding 55,207 18,164 54,915 17,830
Net effect of dilutive stock
options - based on the modified treasury
stock method using average
market price - 248 - 120
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Totals 55,207 18,412 54,915 17,950
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Net (loss) income $ (7,892) $ 4,713 $ (14,277) $ 8,849
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Per share amount $ (0.14) $ 0.26 $ (0.26) $ 0.49
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Fully diluted:
Average common shares outstanding 55,207 18,164 54,770 17,830
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 55,207 18,415 54,770 17,951
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Net (loss) income $ (7,892) $ 4,713 $ (14,277) $ 8,849
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Per share amount* $ (0.14) $ 0.26 $ (0.26) $ 0.49
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* The primary net (loss) income per share is shown in the statements of
operations. Net (loss) income per share under the primary and fully
diluted calculations are equivalent.