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EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(Dollars and Shares in thousands, except per share data)
March 31, March 31, March 31,
2000 1999 1998
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<S> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Weighted average shares
outstanding 14,242 15,279 17,113
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Net Income $ 9,941 $ 8,855 $12,673
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Net income per share $ 0.70 $ 0.58 $ 0.74
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DILUTED EARNINGS PER SHARE:
Basic weighted average
shares outstanding 14,242 15,279 17,113
Convertible notes - 2,598 3,235
Dilutive stock options -
based on treasury stock
method using the average market 1 52 40
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Total shares 14,243 17,929 20,388
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Net income $ 9,941 $10,620 (1) $14,793 (2)
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Net income per share $ 0.70 $ 0.58 (1) $ 0.73 (2)
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(1) Adjusted for interest on convertible debt
(2) Anti-dilutive; use basic earnings per share on Consolidated Statements
of Income
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