EXHIBIT (11)
STATEMENT REGARDING COMPUTATION OF PER SHARE (LOSS) EARNINGS:
(In thousands, except number of days and per share data)
(A) Computation of the weighted average number of shares of common
stock outstanding for the year ended September 30, 2003, 2002 and
2001:
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- ---------- ----------------
2003
October 1 - September 30 7,129 365 2,602,242
Shares Issued 67 Various 13,100
----- ---------
7,196 2,615,342 7,165
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2002
October 1 - September 30 7,065 365 2,578,655
Shares Issued 64 Various 12,347
----- ---------
7,129 2,591,002 7,099
===== ========= =====
2001
October 1 - September 30 7,027 365 2,565,004
Shares Issued 38 Various 9,276
----- ---------
7,065 2,574,280 7,053
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(B) Computation of (Loss) Earnings Per Share:
Computation of (loss) earnings per share is net (loss) earnings divided
by the weighted average number of shares of common stock outstanding
for the years ended September 30,
2003 2002 2001
-------- -------- -------
Basic:
Weighted average number of shares
of common stock outstanding 7,165 7,099 7,053
------ ------ ------
Net (loss) earnings ($8,279) ($1,317) $ 451
------ ------ ------
Net (loss) earnings per share ($ 1.16) ($ 0.19) $ 0.06
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Assumuming dilution:
Weighted average number of shares
of common stock outstanding 7,165 7,099 7,053
Net effect of dilutive stock
options-not included if the
effect was antidilutive 0 0 40
------ ------ ------
Total 7,165 7,099 7,093
------ ------ ------
Net (loss) earnings ($8,279) ($1,317) $ 451
------ ------ ------
Net (loss) earnings per share ($ 1.16) ($ 0.19) $ 0.06
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