EXHIBIT 11.1
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED JUNE 30,
2004 2003 2002
-------------------------------------------------------
AVERAGE COMMON SHARES OUTSTANDING 1,107 1,105 1,052
AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING 1,127 1,109 1,061
NET INCOME (LOSS) FROM CONTINUING OPERATIONS APPLICABLE TO $ 62 $ (202) $ (511)
COMMON STOCK
INCOME (LOSS) PER COMMON SHARE FROM CONTINUING OPERATIONS:
Basic $ 0.06 $ (0.18) $ (0.49)
Diluted (1) $ 0.05 $ (0.18) $ (0.49)
NET EARNINGS FROM DISCONTINUED OPERATIONS APPLICABLE TO $ - $ 127 $ 16
COMMON STOCK
EARNING PER COMMON SHARE FROM DISCONTINUED OPERATIONS:
Basic $ - $ 0.11 $ 0.02
Diluted $ - $ 0.11 $ 0.02
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK $ 62 $ (75) $ (495)
TOTAL INCOME (LOSS) PER COMMON SHARE:
Basic $ 0.06 $ (0.07) $ (0.47)
Diluted (1) $ 0.05 $ (0.07) $ (0.47)
(1) For total loss per common share and loss per common share from continuing
operations, the effect of potentially dilutive stock options and warrants has
not been computed for any period presented because the effect would be
anti-dilutive. Diluted common equivalent shares outstanding have been disclosed
solely for purposes of calculating diluted earnings per share from discontinued
operations