##### 



Exhibit 11



11. Statement re computation of per share earnings

|                                                                          |  |                      |            |                  |  |      |            |      |  |   |            |   |  |   |            | 
|------------------------------------------------------------------------- |  | -------------------- | ---------- | ---------------- |  | ---- | ---------- | ---- |  | - | ---------- | - |  | - | ---------- | 
|                                                                          |  | Second Quarter Ended |            | Six Months Ended
|                                                                          |  | March 31,            |            | March 31,       
|                                                                          |  | 2002                 |            | 2001             |  | 2002 |            | 2001
|                                                                          |  |                      |            |                  |  |      |            |     
|Net (loss) income in thousands                                            |  | $                    | (1,309     | )                |  | $    | 5,112      |      |  | $ | (2,943     | ) |  | $ | 12,013     | 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|Weighted average shares outstanding                                       |  |                      | 15,711,256 |                  |  |      | 15,812,575 |      |  |   | 15,673,199 |   |  |   | 15,700,595 | 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|Assumed
exercise of stock options,weighted average of incremental shares  |  |                      |           |                  |  |      | 707,713    |      |  |   |           |   |  |   | 790,396    | 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|Assumed purchase of stock under stock
purchase plan, weighted average     |  |                      |           |                  |  |      | 79,196     |      |  |   |           |   |  |   | 88,590     | 
|                                                                          |  |                      |            |                  |  |      |            |      |  |   |            |   |  |   |            | 
|Diluted shares  adjusted weighted-average
shares and assumed conversions |  |                      | 15,711,256 |                  |  |      | 16,599,484 |      |  |   | 15,673,199 |   |  |   | 16,579,581 | 
|                                                                          |  |                      |            |                  |  |      |            |      |  |   |            |   |  |   |            | 
|Basic (loss) earning per share                                            |  | $                    | (0.08      | )                |  | $    | 0.32       |      |  | $ | (0.19      | ) |  | $ | 0.77       | 
|                                                                          |  |                      |            |                  |  |      |            |      |  |   |            |   |  |   |            | 
|Diluted (loss) earnings per share                                         |  | $                    | (0.08      | )                |  | $    | 0.31       |      |  | $ | (0.19      | ) |  | $ | 0.72       | 
|                                                                          |  |                      |            |                  |  |      |            |      |  |   |            |   |  |   |            |