EXHIBIT 11.1
CALCULATION OF BASIC AND
DILUTED EARNINGS PER SHARE
BASIC EARNINGS PER SHARE
Three Months Nine Months
Ended June 30 Ended June 30
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1998 1997 1998 1997
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Net income $ 8,367 $ 2,930 $18,637 $ 7,750
Weighted average number of
shares outstanding 18,189 10,687 15,544 9,627
Net income per common share - basic $ .46 $ .27 $ 1.20 $ .81
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DILUTED EARNINGS PER SHARE
Net income $ 8,367 $ 2,930 $18,637 $ 7,750
Weighted average number of shares 18,189 10,687 15,544 9,627
Dilutive effect of outstanding options
and warrants (as determined by the
application of the treasury stock method) 605 3,220 543 3,083
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18,794 13,907 16,087 12,710
Net income per common share - diluted $ .45 $ .21 $ 1.16 $ .61
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