EX-11 3 ex11.htm EXHIBIT 11

ex11.htm

Exhibit 11

STATEMENT RE:  COMPUTATION OF PER SHARE EARNINGS

		Three Months Ended October 31,																Twelve Months Ended October 31,
		2007								2006								2007								2006
(in thousands, except per share amount)
		Basic				Diluted				Basic				Diluted				Basic				Diluted				Basic				Diluted
Net income		$	5,648			$	5,648			$	4,714			$	4,714			$	20,889			$	20,889			$	15,479			$	15,479
Weighted average shares outstanding			6,382				6,382				6,317				6,317				6,382				6,382				6,317				6,317
Assumed issuances under stock options plans			--				63				--				79				--				58				--				80
			6,382				6,445				6,317				6,396				6,382				6,440				6,317				6,397
Income per common share		$	.88			$	.88			$	.75			$	.74			$	3.27			$	3.24			$	2.45			$	2.42