on entities’ results of operations, and information to facilitate assessments of future earnings and cash flows. The
Company has adopted this statement effective December 31, 2003 with disclosures included in Note 9.
Note 1.  Summary of Significant Accounting Policies (Continued)
potentially dilutive securities would be antidilutive to the net loss per share from continuing operations.  In 2003 and
2001, all options were dilutive.  There were no adjustments to net income (loss) in the computation of diluted earnings
per share for any of the years presented.  The following tables show the computation of basic and diluted earnings per
share for 2003, 2002 and 2001:
    2003 2002    2001
Basic income (loss) per share (in thousands, except per share amounts)
    Net income (loss) from continuing operations $ 9,761 $ (2,893) $ 9,694
    Weighted average shares outstanding 7,577 7,542 7,523
Basic income (loss) per share - continuing operations $ 1.29 $   (0.38) $ 1.29
Effect of stock options outstanding:
Weighted average shares outstanding   7,577 7,542 7,549
Assumed exercise, at the strike price at the beginning of year     172 - 104
Assumed repurchase of options under treasury stock method (141) - (78)
Diluted weighted average shares   7,608 7,542 7,548
Diluted income (loss) per share - continuing operations $ 1.28 $  (0.38) $ 1.28
7,577
(in thousands, except per share amounts)
7,522
7,549
$ 9,761