EX-11 2 dex11.htm STATEMENT RE COMPUTATION OF PER-SHARE EARNINGS Statement re computation of per-share earnings

EXHIBIT 11

Statement re computation of per-share earnings

Basic per share data is calculated based on the weighted-average number of common shares outstanding during the reported periods. Diluted per share data includes any dilution from potential common stock outstanding, such as the exercise of stock options.

 

     Three Months Ended
June 30,		    Six Months Ended
June 30,
     2008    2007    2008    2007

Numerator:

            

Net income

    $ 1,878,000    $ 3,610,000    $ 4,639,000    $ 3,713,000
                           

Denominator:

            

Denominator for basic earnings per share - weighted-average shares

      11,907,414      11,898,954      11,905,262      11,894,866

Dilutive potential common shares - employee stock options and performance shares

      28,700      22,613      21,966      21,494
                           

Denominator for diluted earnings per share - adjusted weighted-average shares

      11,936,114      11,921,567      11,927,228      11,916,360
                           

 

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