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Exhibit 11 - Statement Re: Computation of Basic and Diluted
Earnings Per Share (Unaudited)
<S> <C> <C> <C> <C>
Three Months Ended June 30, Six Months Ended June 30,
___________________________ _________________________
2000 1999 2000 1999
____ ____ ____ ____
BASIC EARNINGS PER SHARE
Net Income $ 6,877 $ 5,556 $15,463 $12,925
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Weighted average shares
outstanding 13,980 14,021 13,965 14,029
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Basic earnings per share $ 0.49 $ .40 $ 1.11 $ .92
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DILUTED EARNINGS PER SHARE
Weighted average number of
shares outstanding 13,980 14,021 13,965 14,029
Net effect of dilutive stock
options, based on the treasury
stock method 16 2 13 1
_______ _______ _______ _______
Total diluted shares used in
computation 13,996 14,023 13,978 14,030
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Diluted earnings per share $ .49 $ .40 $ 1.11 $ .92
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