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**Exhibit      11**

**Statement      Re: Computation of Per Share Earnings**

|                                                         |   | Three                  Months Ended |   | Twelve                  Months Ended |   |
|--------------------------------------------------------------|--------|-------------------------------------|--------|--------------------------------------|--------|
|                                                         |   | October                  31,        |   | October                  31,         |   |
|                                                         |   | 2005                                |   | 2004                                 |   | 2005 |   | 2004 |   |
| (in                  thousands, except per share amount)     |   |                                |   |                                 |   |   |   |   |   |
|                                                         |   | Basic                               |   | Diluted                              |   | Basic |   | Diluted |   | Basic |   | Diluted |   | Basic |   | Diluted |   |
|                                                         |   |                                |   |                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                                  |   | $                                   | 7,235  |                                 | $      | 7,235 |   | $ | 2,281 |   | $ | 2,281 |   | $ | 16,443 |   | $ | 16,443 |   | $ | 6,269 |   | $ | 6,269 |   |
|                                                         |   |                                |   |                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average shares outstanding         |   |                                | 6,216  |                                 |   | 6,216 |   |   | 5,969 |   |   | 5,969 |   |   | 6,171 |   |   | 6,171 |   |   | 5,784 |   |   | 5,784 |   |
|                                                         |   |                                |   |                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assumed                  issuances under stock options plans |   |                                | --     |                                 |   | 167 |   |   | -- |   |   | 294 |   |   | -- |   |   | 165 |   |   | -- |   |   | 242 |   |
|                                                         |   |                                | 6,216  |                                 |   | 6,383 |   |   | 5,969 |   |   | 6,263 |   |   | 6,171 |   |   | 6,336 |   |   | 5,784 |   |   | 6,026 |   |
|                                                         |   |                                |   |                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                  per common share                     |   | $                                   | 1.16   |                                 | $      | 1.13 |   | $ | 0.38 |   | $ | 0.36 |   | $ | 2.66 |   | $ | 2.60 |   | $ | 1.08 |   | $ | 1.04 |   |

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