EX-11 2 ex11.htm COMPUTATION OF PER SHARE EARNINGS

ex11.htm

Exhibit 11
Computation of Per Share Earnings
		Three Months Ended																Six Months Ended
		April 30,																April 30,
		2008								2007								2008								2007
(in thousands, except per share data)
		Basic				Diluted				Basic				Diluted				Basic				Diluted				Basic				Diluted
Net income		$	5,467			$	5,467			$	4,680			$	4,680			$	13,272			$	13,272			$	10,075			$	10,075
Weighted-average shares
outstanding			6,410				6,410				6,373				6,373				6,410				6,410				6,373				6,373
Dilutive effect of stock options			--				34				--				58				--				32				--				54
			6,410				6,444				6,373				6,431				6,410				6,442				6,373				6,427
Income per common share		$	0.85			$	0.85			$	0.73			$	0.73			$	2.07			$	2.06			$	1.58			$	1.57

-26-