[MULTIPLIER] 1,000 (UNAUDITED) Three Months Ended March 31, 1996 1995 Net income (loss) Net income (loss) $ (2,198) $ 352 ======== ======== Weighted average number of shares Primary: Average common shares outstanding 5,733 5,830 Common share equiva- lents resulting from assumed exercise of stock options 1 61 ------- ------- 5,734 5,891 ======= ======= Fully diluted: Average common shares outstanding 5,733 5,830 Common share equivalents resulting from assumed exercise of stock options 1 61 ------ ------ 5,734 5,891 ====== ====== Earnings per common share: Primary $(.38) $.06 Fully diluted (.38) .06 Primary earnings per common share are computed by dividing net income, by the weighted average number of common shares and common share equivalents outstanding. Common share equivalents are computed using the treasury stock method. Under the treasury stock method, an average market price is used to determine the number of common share equivalents for primary earnings per common share. The higher of the average or the end of period market price is used to determine the number of common share equivalents for fully diluted earnings per common share.