EXHIBIT NO. 11.1



STATEMENT OF COMPUTATION OF EARNINGS PER SHARE



|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|----------------------------------------- |  | ----------------------------- |  | ------------------------------- | ---- | ------ | ------ | ------------------ | - | ----
|                                          |  | Six Months EndedJune 30, 2005 |  | Three Months EndedJune 30, 2005
|                                          |  | Shares                        |  | Earnings Per Share              |      | Shares |        | Earnings Per Share
|                                          |  | (in Thousands)                |  | (in Thousands)                 
|Basic Weighted Average Shares Outstanding |  | 11,862                        |  | $                               | 0.62 |        | 12,048 |                    | $ | 0.32
|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|Diluted                                   |  |                               |  |                                 |      |        |        |                    |   |     
|Average Shares Outstanding                |  | 11,862                        |  |                                 |      |        | 12,048 |                    |   |     
|Common Stock Equivalents                  |  | 319                           |  |                                 |      |        | 326    |                    |   |     
|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|                                          |  | 12,181                        |  | $                               | 0.62 |        | 12,374 |                    | $ | 0.32
|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|                                          |  |                              
|                                          |  | Six Months EndedJune 30, 2004 |  | Three Months EndedJune 30, 2004
|                                          |  | Shares                        |  | Earnings Per Share              |      | Shares |        | Earnings Per Share
|                                          |  | (in Thousands)                |  | (in Thousands)                 
|Basic Weighted Average Shares Outstanding |  | 10,668                        |  | $                               | 0.53 |        | 11,157 |                    | $ | 0.27
|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|Diluted                                   |  |                               |  |                                 |      |        |        |                    |   |     
|Average Shares Outstanding                |  | 10,668                        |  |                                 |      |        | 11,157 |                    |   |     
|Common Stock Equivalents                  |  | 324                           |  |                                 |      |        | 248    |                    |   |     
|                                          |  |                               |  |                                 |      |        |        |                    |   |     
|                                          |  | 10,992                        |  | $                               | 0.51 |        | 11,405 |                    | $ | 0.27
|                                          |  |                               |  |                                 |      |        |        |                    |   |