EX-11 6 ex11.htm EXHIBIT 11 ex11.htm

EXHIBIT 11
 
COMPUTATION OF EARNINGS (LOSS) PER SHARE
 
(In thousands, except share data)
 
(Unaudited)
 
                         
   
Three Months Ended
   
Nine Months Ended
 
   
December 31,
   
December 31,
 
   
2008
   
2007
   
2008
   
2007
 
Earnings (loss) per common share - basic
                       
Net income (loss)
  $ (6,499 )   $ 1,577     $ (5,192 )   $ 3,484  
                                 
Weighted average common shares outstanding
    2,470,082       2,489,101       2,472,305       2,494,801  
                                 
Earnings  (loss) per common share
  $ (2.63 )   $ 0.63     $ (2.10 )   $ 1.40  
                                 
                                 
Earnings (loss) per common share – diluted
                               
Net income (loss)
  $ (6,499 )   $ 1,577     $ (5,192 )   $ 3,484  
                                 
Weighted average common shares outstanding – basic
    2,470,082       2,489,101       2,472,305       2,494,801  
Effect of dilutive securities - stock options and unvested restricted stock
    -       60,823       -       70,125  
Weighted average shares outstanding – diluted
    2,470,082       2,549,924       2,472,305       2,564,926  
                                 
Earnings (loss) per common share
  $ (2.63 )   $ 0.62     $ (2.10 )   $ 1.36