EX-11 5 v136606_ex11.htm

Exhibit 11

STATEMENT RE:  COMPUTATION OF PER SHARE EARNINGS

		Three Months Ended																Twelve Months Ended
		October 31,																October 31,
		2008								2007								2008								2007
(in thousands, except per share amount)
		Basic				Diluted				Basic				Diluted				Basic				Diluted				Basic				Diluted
Net income		$	3,422			$	5,648			$	5,648			$	5,648			$	20,520			$	20,520			$	20,889			$	20,889
Weighted average shares outstanding			6,415				6,415				6,382				6,382				6,415				6,415				6,382				6,382
Assumed issuances under stock options plans			--				21				--				63				--				29				--				58
			6,415				6,436				6,382				6,445				6,415				6,444				6,382				6,440
Income per common share		$	.53			$	.53			$	.88			$	.88			$	3.51			$	3.49			$	3.27			$	3.24