EXHIBIT 11.1
CALCULATION OF BASIC AND
DILUTED EARNINGS PER SHARE
BASIC EARNINGS PER SHARE
Three Months Six Months
Ended March 31, Ended March 31,
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1998 1997 1998 1997
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Net income $6,319 $2,534 $10,270 $4,820
Weighted average number of shares outstanding - Basic 4,749 3,552 4,741 3,033
Net income per share - Basic $ 1.33 $ 0.71 $ 2.17 $ 1.59
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DILUTED EARNINGS PER SHARE
Net income $6,319 $2,534 $10,270 4,820
Weighted average number of shares outstanding - Basic 4,749 3,552 4,741 3,033
Dilutive effect of outstanding options and warrants
(as determined by the application of the treasury
stock method) 167 1,073 170 1,012
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Weighted average number of shares outstanding - Diluted 4,916 4,625 4,911 4,045
Net income per share - Diluted $ 1.29 $ 0.55 $ 2.09 $ 1.19
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