EX-11 2 presto11.htm United States Securities and Exchange Commission Edgar Filing

Exhibit 11


(IN THOUSANDS EXCEPT PER SHARE DATA)

 

 

 

 

 

 

  

 

First Quarter

 

  

 

2009

 

 

2008

 

Net Earnings (1)

 

$

10,854

 

 

$

6,250

 

  

 

 

 

 

 

 

 

 

Weighted average common shares outstanding  (2)

 

 

6,849

 

 

 

6,840

 

  

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options when dilutive

 

 

––

 

 

 

––

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent shares for computation  (3)

 

 

6,849

 

 

 

6,840

 

  

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

Basic  (1 divided by 2)

 

$

1.58

 

 

$

0.91

 

Diluted  (1 divided by 3)

 

$

1.58

 

 

$

0.91