EXHIBIT 11 STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
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EXHIBIT 11
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS
ENDED MARCH 30
1997 1996
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PRIMARY:
Average shares outstanding 9,294,782 9,296,006
Net effect of options 14,771 170
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Total 9,309,553 9,296,176
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Net income $3,242,000 $2,833,000
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Earnings per share $0.35 $0.30
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FULLY DILUTED:
Average shares outstanding 9,274,782 9,296,006
Net effect of options 20,376 170
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Total 9,315,158 9,296,176
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Net income $3,242,000 $2,833,000
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Earnings per share $0.35 $0.30
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