EXHIBIT 11.1
EXHIBIT (11.1)
COMPUTATION OF EARNINGS PER SHARE ASSUMING FULL DILUTION
(Dollars in thousands, except per share amounts)
Year Ended June 30,
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1997 1996 1995
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DATA AS TO EARNINGS:
Income (loss) 4,876 (5,001) (1,618)
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DATA AS TO NUMBER OF COMMON SHARES:
Average number of common shares and
common share equivalents (Exhibit 11) 15,135,597 15,039,391 15,013,125
Additional shares assuming full dilution 1,649,667 6,570,078 5,005,490
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Average number of common shares assuming
full dilution 16,785,264 21,609,469 20,018,615
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EARNINGS PER COMMON SHARE ASSUMING
FULL DILUTION (ALL YEARS - ANTIDILUTIVE):
Net income (loss) $ 0.29 $ (0.23) $ 0.08
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