EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED JUNE 30,
2002 2001 2000
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AVERAGE COMMON SHARES OUTSTANDING 1,052 1,291 1,520
AVERAGE COMMON AND COMMON EQUIVALENT SHARES 1,061 1,319 1,548
OUTSTANDING
NET LOSS FROM CONTINUING OPERATIONS APPLICABLE TO $(511) $(355) $(473)
COMMON STOCK
EARNING PER COMMON SHARE FROM CONTINUING
OPERATIONS:
Basic $(0.49) $(0.27) $(0.31)
Diluted (1) $(0.49) $(0.27) $(0.31)
NET EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS $16 $161 $3,183
APPLICABLE TO COMMON STOCK
EARNING PER COMMON SHARE FROM DISCONTINUED
OPERATIONS:
Basic $0.02 $0.12 $2.09
Diluted $0.02 $0.12 $2.06
NET EARNINGS (LOSS) APPLICABLE TO COMMON STOCK $(495) $(194) $2,710
TOTAL EARNING PER COMMON SHARE:
Basic $(0.47) $(0.15) $1.78
Diluted (1) $(0.47) $(0.15) $1.75
(1) The effect of potentially dilutive stock options and warrants has not been
computed for any period presented because the effect would be
anti-dilutive.
1