EX-11 2 ex_11.htm COMPUTATION OF PER SHARE EARNINGS COMPUTATION OF PER SHARE EARNINGS

Exhibit 11
  
Statement Re: Computation of Per Share Earnings
  
       
   
Three Months Ended
  
   
January 31,
  
   
2006
  
2005
  
(in thousands, except per share data)
  
Basic
  
Diluted
  
Basic
  
Diluted
  
                   
Net income
  
$
3,033
  
$
3,033
  
$
3,030
  
$
3,030
  
                           
Weighted average shares
outstanding
    
6,242
    
6,242
    
6,071
    
6,071
  
                           
Dilutive effect of stock options
    
--
    
86
    
--
    
199
  
     
6,242
    
6,328
    
6,071
    
6,270
  
                           
Earnings per common share 
  
$
0.49
  
$
0.48
  
$
0.50
  
$
0.48