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11. Statement re computation of per share earnings
Second Quarter Ended Six Months Ended
3/31/97 3/31/96 3/31/97 3/31/96
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Shares outstanding at beginning of
period 7,537,169 7,271,515 7,450,878 7,227,972
Net issuance of shares under stock
award plans, weighted average 72,750 67,183 90,952 69,186
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Weighted average shares
outstanding 7,609,919 7,338,698 7,541,830 7,297,158
Assumed exercise of stock options,
weighted average of incremental
shares -- 443,956 -- 467,260
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Average shares and common share
equivalents outstanding 7,609,919 7,782,654 7,541,830 7,764,418
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Net income (loss) per share $ (.04) $ .19 $ (.16) $ .34
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Net income (loss) in thousands $ (338) $1,485 $(1,176) $2,630
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