1 EXHIBIT 11 - COMPUTATION OF NET EARNINGS PER COMMON SHARE (UNAUDITED) Three Months Ended November 30, 1996 1995 ---------------------------------- (Amounts in thousands, except per share data) Earnings per share: Average shares outstanding 11,309 11,293 Net effect of dilutive stock options--based on the treasury stock method using average market price 4 15 ------- ------- Total 11,313 11,308 ======= ======= Net income $ 584 $ 2,771 ======= ======= Per share data: Net income $ 0.05 $ 0.25 ======= ======= EXHIBIT 11