EX-11 2 ex11.htm EXHIBIT 11 ex11.htm

EXHIBIT 11

COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)


   
Three Months Ended
June 30, 2008
   
Nine Months Ended
June 30, 2008
 
 
Net Income
  $ 1,438     $ 4,104  
Weighted average common shares outstanding for
computation of basic EPS
    12,881       12,917  
 
Dilutive common-equivalent shares
    1       4  
Weighted average common shares for computation of
diluted EPS
    12,882       12,921  
                 
Earnings per common share:
               
 
Basic
  $ 0.11     $ 0.32  
 
Diluted
  $ 0.11     $ 0.32  
 
 

   
Three Months Ended
June 30, 2007
   
Nine Months Ended
June 30, 2007
 
 
Net income
  $ 1,210     $ 2,581  
Weighted average common shares outstanding for
computation of basic EPS
    13,057       13,018  
 
Dilutive common-equivalent shares
    130       130  
Weighted average common shares for computation of
diluted EPS
    13,187       13,148  
                 
Earnings per common share:
               
 
Basic
  $ 0.09     $ 0.20  
 
Diluted
  $ 0.09     $ 0.20