[MULTIPLIER] 1,000
Three Months Nine Months
Ended September 30, Ended September 30,
1996 1995 1996 1995
Net income (loss) $614 $1,205 $(1,077) $3,781
Weighted average number of shares
Primary:
Average common
shares outstanding 5,733 5,733 5,733 5,765
Common share equiva-
lents resulting from
assumed exercise of
stock options 1 69 1 49
----- ----- ----- -----
5,734 5,802 5,734 5,814
====== ===== ===== =====
Fully diluted:
Average common
shares outstanding 5,733 5,733 5,733 5,765
Common share equiva-
lents resulting
from assumed
exercise of stock
options 1 56 1 49
----- ----- ----- -----
5,734 5,789 5,734 5,814
===== ===== ===== =====
Earnings (loss) per common share:
Primary $.11 $.21 $(.19) $.65
Fully diluted .11 .21 (.19) .65
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.