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**Exhibit        11**

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

|                                                           |   | Three                    Months EndedOctober                    31, |   | Twelve                    Months EndedOctober                    31, |   |
|----------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|
|                                                           |   | 2006                                                                |   | 2005                                                                 |   | 2006 |   | 2005 |   |
| (in                    thousands, except per share amount)     |   |                                                                |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |   | Basic                                                               |   | Diluted                                                              |   | Basic |   | Diluted |   | Basic |   | Diluted |   | Basic |   | Diluted |   |
|                                                           |   |                                                                |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    income                                  |   | $                                                                   | 4,714  |                                                                 | $      | 4,714 |   | $ | 7,235 |   | $ | 7,235 |   | $ | 15,479 |   | $ | 15,479 |   | $ | 16,443 |   | $ | 16,443 |   |
|                                                           |   |                                                                |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                    average shares outstanding         |   |                                                                | 6,317  |                                                                 |   | 6,317 |   |   | 6,216 |   |   | 6,216 |   |   | 6,317 |   |   | 6,317 |   |   | 6,171 |   |   | 6,171 |   |
|                                                           |   |                                                                |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assumed                    issuances under stock options plans |   |                                                                | --     |                                                                 |   | 79 |   |   | -- |   |   | 167 |   |   | -- |   |   | 80 |   |   | -- |   |   | 165 |   |
|                                                           |   |                                                                | 6,317  |                                                                 |   | 6,396 |   |   | 6,216 |   |   | 6,383 |   |   | 6,317 |   |   | 6,397 |   |   | 6,171 |   |   | 6,336 |   |
|                                                           |   |                                                                |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                    per common share                     |   | $                                                                   | .75    |                                                                 | $      | .74 |   | $ | 1.16 |   | $ | 1.13 |   | $ | 2.45 |   | $ | 2.42 |   | $ | 2.66 |   | $ | 2.60 |   |

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