EX-11 2 ex_11.htm COMPUTATION OF PER SHARE EARNINGS COMPUTATION OF PER SHARE EARNINGS
Exhibit 11
  
Computation of Per Share Earnings
  
       
   
Three Months Ended
  
   
January 31,
  
   
2007
  
2006
  
(in thousands, except per share data)
  
Basic
  
Diluted
  
Basic
  
Diluted
  
                   
Net income
  
$
5,395
  
$
5,395
  
$
3,033
  
$
3,033
  
                           
Weighted average shares
outstanding
    
6,362
    
6,362
    
6,242
    
6,242
  
                           
Dilutive effect of stock options………………………….
    
--
    
56
    
--
    
86
  
     
6,362
    
6,418
    
6,242
    
6,328
  
                           
Earnings per common share 
  
$
0.85
  
$
0.84
  
$
0.49
  
$
0.48