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| EXHIBIT      11                                                                       |   |
|---------------------------------------------------------------------------------------|--------|
| COMPUTATION      OF EARNINGS (LOSS) PER SHARE                                         |   |
| (In      thousands, except share data)                                                |   |
| (Unaudited)                                                                           |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   | Three      Months Ended |   |   | Nine      Months Ended |   |
|                                                                                  |   | December      31, |   |   | December      31, |   |
|                                                                                  |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
| Earnings (loss) per common share -      basic                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                                |   | $ | (6,499 | ) |   | $ | 1,577 |   |   | $ | (5,192 | ) |   | $ | 3,484 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding                                       |   |   | 2,470,082 |   |   |   | 2,489,101 |   |   |   | 2,472,305 |   |   |   | 2,494,801 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings  (loss)      per common share                                      |   | $ | (2.63 | ) |   | $ | 0.63 |   |   | $ | (2.10 | ) |   | $ | 1.40 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) per common share –      diluted                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                                |   | $ | (6,499 | ) |   | $ | 1,577 |   |   | $ | (5,192 | ) |   | $ | 3,484 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding – basic                         |   |   | 2,470,082 |   |   |   | 2,489,101 |   |   |   | 2,472,305 |   |   |   | 2,494,801 |   |
| Effect      of dilutive securities - stock options and unvested restricted      stock |   |   | - |   |   |   | 60,823 |   |   |   | - |   |   |   | 70,125 |   |
| Weighted      average shares outstanding – diluted                              |   |   | 2,470,082 |   |   |   | 2,549,924 |   |   |   | 2,472,305 |   |   |   | 2,564,926 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) per common share                                                 |   | $ | (2.63 | ) |   | $ | 0.62 |   |   | $ | (2.10 | ) |   | $ | 1.36 |   |

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