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EXHIBIT 11
SCHEULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Six Months Ended
July 31, July 31,
-------------------------- --------------------------
2001 2000 2001 2000
---------- ---------- ---------- ----------
BASIC:
Net income from continuing operations .. $1,614,000 $ 473,000 $2,621,000 $1,338,000
Weighted average shares outstanding .... 7,055,000 6,669,000 7,059,000 6,600,000
---------- ---------- ---------- ----------
Basic income per share from continuing
operations ........................ $ 0.23 $ 0.07 $ 0.37 $ 0.20
========== ========== ========== ==========
Net income from discontinued operations $ -- $ 301,000 $ -- $ 499,000
Weighted average shares outstanding .... 7,055,000 6,669,000 7,059,000 6,600,000
---------- ---------- ---------- ----------
Basic income per share from discontinued
operations ........................ $ -- $ 0.05 $ -- $ 0.08
========== ========== ========== ==========
Net income ............................. $1,614,000 $ 774,000 $2,621,000 $1,837,000
Weighted average shares outstanding .... 7,055,000 6,669,000 7,059,000 6,600,000
---------- ---------- ---------- ----------
Basic income per share ................. $ 0.23 $ 0.12 $ 0.37 $ 0.28
========== ========== ========== ==========
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SCHEULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Six Months Ended
July 31, July 31,
----------------------------- -----------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
DILUTED:
Net income from continuing operations .......... $ 1,614,000 $ 473,000 $ 2,621,000 $ 1,338,000
Effect of subsidiary options ................... (77,000) (62,000) (121,000) (126,000)
----------- ----------- ----------- -----------
Net income used in calculation of diluted
income per share from continuing operations $ 1,537,000 $ 411,000 $ 2,500,000 $ 1,212,000
=========== =========== =========== ===========
Weighted average shares outstanding ............ 7,055,000 6,669,000 7,059,000 6,600,000
Effect of dilutive securities - stock options .. 103,000 286,000 102,000 328,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share from continuing
operations ................................ 7,158,000 6,955,000 7,161,000 6,928,000
=========== =========== =========== ===========
Diluted income per share from continuing
operations ................................ $ 0.21 $ 0.06 $ 0.35 $ 0.18
=========== =========== =========== ===========
Net income from discontinued operations ........ $ -- $ 301,000 $ -- $ 499,000
Effect of subsidiary options ................... -- -- -- --
----------- ----------- ----------- -----------
Net income used in calculation of diluted
income per share from discontinued
operations ................................ $ -- $ 301,000 $ -- $ 499,000
=========== =========== =========== ===========
Weighted average shares outstanding ............ 7,055,000 6,669,000 7,059,000 6,600,000
Effect of dilutive securities - stock options .. 103,000 286,000 102,000 328,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share from discontinued
operations ................................ 7,158,000 6,955,000 7,161,000 6,928,000
=========== =========== =========== ===========
Diluted income per share from discontinued
operations ................................ $ -- $ 0.04 $ -- $ 0.07
=========== =========== =========== ===========
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SCHEULE OF COMPUTATION OF NET INCOME PER SHARE
Three Months Ended Six Months Ended
July 31, July 31,
----------------------------- -----------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
Net income ................................... $ 1,614,000 $ 774,000 $ 2,621,000 $ 1,837,000
Effect of subsidiary options ................. (77,000) (62,000) (121,000) (126,000)
----------- ----------- ----------- -----------
Net income used in calculation of diluted
income per share ........................ $ 1,537,000 $ 712,000 $ 2,500,000 $ 1,711,000
=========== =========== =========== ===========
Weighted average shares outstanding .......... 7,055,000 6,669,000 7,059,000 6,600,000
Effect of dilutive securities - stock options 103,000 286,000 102,000 328,000
----------- ----------- ----------- -----------
Weighted average shares used in calculation of
diluted income per share ................ 7,158,000 6,955,000 7,161,000 6,928,000
=========== =========== =========== ===========
Diluted income per share ..................... $ 0.21 $ 0.10 $ 0.35 $ 0.25
=========== =========== =========== ===========
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