EX-11 3 dex11.htm SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) Schedule of Computation of Net Income (loss)
 
EXHIBIT 11
 
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
 
    
Three Months Ended October 31,
   
Nine Months Ended October 31,
    
2002
   
2001
   
2002
     
2001
Basic:
                              
Net income (loss) before cumulative effect of accounting change
   
$
1,486
   
$
1,010
   
$
(5,777
)
   
$
3,631
Weighted average shares outstanding
   
 
6,987
   
 
7,002
   
 
6,975
 
   
 
7,040
    
  
  
  
Basic income (loss) per share before cumulative effect of accounting change
   
$
0.21
   
$
0.14
   
$
(0.83
)
   
$
0.52
    
  
  
  
Cumulative effect of accounting change
   
$
—
   
$
—
   
$
(2,926
)
   
$
—
Weighted average shares outstanding
   
 
6,987
   
 
7,002
   
 
6,975
 
   
 
7,040
    
  
  
  
Basic loss per share from cumulative effect of accounting change
   
$
—
   
$
—
   
$
(0.42
)
   
$
—
    
  
  
  
Net income (loss)
   
$
1,486
   
$
1,010
   
$
(8,703
)
   
$
3,631
Weighted average shares outstanding
   
 
6,987
   
 
7,002
   
 
6,975
 
   
 
7,040
    
  
  
  
Basic income (loss) per share
   
$
0.21
   
$
0.14
   
$
(1.25
)
   
$
0.52
    
  
  
  

1

 
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
 
    
Three Months Ended October 31,
     
Nine Months Ended October 31,
  
    
2002
     
2001
     
2002
     
2001
  
Diluted:
                                    
Net income (loss) before cumulative effect of accounting change
   
$
1,486
 
   
$
1,010
 
   
$
(5,777
)
   
$
3,631
 
Effect of subsidiary options
   
 
(36
)
   
 
(44
)
   
 
—
 
   
 
(178
)
    
  
  
  
Net income used in calculation of diluted income (loss) per share before cumulative effect of accounting change
   
$
1,450
 
   
$
966
 
   
$
(5,777
)
   
$
3,453
 
    
  
  
  
Weighted average shares outstanding
   
 
6,987
 
   
 
7,002
 
   
 
6,975
 
   
 
7,040
 
Effect of dilutive securities—stock options
   
 
23
 
   
 
86
 
   
 
—
 
   
 
96
 
    
  
  
  
Weighted average shares used in calculation of diluted income (loss) per share before cumulative effect of accounting change
   
 
7,010
 
   
 
7,088
 
   
 
6,975
 
   
 
7,136
 
    
  
  
  
Diluted income (loss) per share before cumulative effect of accounting change
   
$
0.21
 
   
$
0.14
 
   
$
(0.83
)
   
$
0.48
 
    
  
  
  
Cumulative effect of accounting change
   
$
—
 
   
$
—
 
   
$
(2,926
)
   
$
—
 
Effect of subsidiary options
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
    
  
  
  
Net loss used in calculation of diluted loss per share from cumulative effect of accounting change
   
$
—
 
   
$
—
 
   
$
(2,926
)
   
$
—
 
    
  
  
  
Weighted average shares outstanding
   
 
6,987
 
   
 
7,002
 
   
 
6,975
 
   
 
7,040
 
Effect of dilutive securities—stock options
   
 
23
 
   
 
86
 
   
 
—
 
   
 
96
 
    
  
  
  
Weighted average shares used in calculation of diluted loss per share from cumulative effect of accounting change
   
 
7,010
 
   
 
7,088
 
   
 
6,975
 
   
 
7,136
 
    
  
  
  
Diluted loss per share from cumulative effect of accounting change
   
$
—
 
   
$
—
 
   
$
(0.42
)
   
$
—
 
    
  
  
  
Net income (loss)
   
$
1,486
 
   
$
1,010
 
   
$
(8,703
)
   
$
3,631
 
Effect of subsidiary options
   
 
(36
)
   
 
(44
)
   
 
—
 
   
 
(178
)
    
  
  
  
Net income used in calculation of diluted income (loss) per share
   
$
1,450
 
   
$
966
 
   
$
(8,703
)
   
$
3,453
 
    
  
  
  
Weighted average shares outstanding
   
 
6,987
 
   
 
7,002
 
   
 
6,975
 
   
 
7,040
 
Effect of dilutive securities – stock options
   
 
23
 
   
 
86
 
   
 
—
 
   
 
96
 
    
  
  
  
Weighted average shares used in calculation of diluted income (loss) per share
   
 
7,010
 
   
 
7,008
 
   
 
6,975
 
   
 
7,136
 
    
  
  
  
Diluted income (loss) per share
   
$
0.21
 
   
$
0.14
 
   
$
(1.25
)
   
$
0.48
 
    
  
  
  

2