EXHIBIT 11
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share amounts)
For the Three months ended June 30,
2000 1999
Basic Diluted Basic Diluted
Weighted average shares
outstanding:
Common stock (1) 63,823 63,823 60,602 60,602
Shares available under
Options - 3,527 - 3,605
Shares related to
deferred compensation - 471 - 1,033
Weighted average common
and common equivalent
shares outstanding 63,823 67,821 60,602 65,240
Net earnings $40,384 $40,384 $34,670 $34,670
Adjustment related to
deferred compensation - - - (638)
Interest expense, net,
on debentures - - - 4
Net earnings applicable
to common stock $40,384 $40,384 $34,670 $34,036
Per share $ 0.63 $ 0.60 $ 0.57 $ 0.52
(1)Includes shares exchangeable into common stock.
