EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11

Exhibit 11

COMPUTATION OF PER SHARE EARNINGS
 

Exhibit 11
Statement Re: Computation of Per Share Earnings
 
   
Three Months Ended
  
Twelve Months Ended
  
   
October 31,
  
October 31,
  
   
2005
  
2004
  
2005
  
2004
  
(in thousands, except per share amount)
                  
   
Basic
  
Diluted
  
Basic
  
Diluted
  
Basic
  
Diluted
  
Basic
  
Diluted
  
                                   
Net income
  
$
7,235
  
$
7,235
  
$
2,281
  
$
2,281
  
$
16,443
  
$
16,443
  
$
6,269
  
$
6,269
  
                                                   
Weighted average shares outstanding
    
6,216
    
6,216
    
5,969
    
5,969
    
6,171
    
6,171
    
5,784
    
5,784
  
                                                   
Assumed issuances under stock options plans
   
--
    
167
    
--
    
294
    
--
    
165
    
--
    
242
  
     
6,216
    
6,383
    
5,969
    
6,263
    
6,171
    
6,336
    
5,784
    
6,026
  
                                                   
Income per common share
  
$
1.16
  
$
1.13
  
$
0.38
  
$
0.36
  
$
2.66
  
$
2.60
  
$
1.08
  
$
1.04