EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three months ended Six months ended
December 31, December 31,
1996 1995 1996 1995
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(In thousands, except per share amount)
Net Income $3,879 $2,640 $2,475 $5,000
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Weighted average common shares outstanding 8,316 8,578 8,344 8,605
Common stock equivalents due to dilutive
effect of stock option 472 309 452 304
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Total weighted average common shares and
equivalents outstanding 8,788 8,887 8,796 8,909
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Earnings per common and common
share equivalents $ 0.44 $ 0.30 $ 0.27 $ 0.56
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Total weighted average common shares and
equivalents outstanding 8,788 8,887 8,796 8,909
Additional dilutive shares using ending period market value versus average
market value for the period when utilizing the treasury
stock method regarding stock options 38 18 51 23
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Total shares for fully dilutive earnings per share 8,826 8,905 8,847 8,932
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Fully diluted earnings per common and
common share equivalents $ 0.44 $ 0.30 $ 0.27 $ 0.56
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25