EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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(in thousands, except per share amounts)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30 September 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income $ 12,291 $ 16,977 $ 35,524 $ 47,175
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Average common shares
outstanding 47,066 47,464 47,073 47,389
Common stock equivalents (1) 125 277 187 259
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Diluted shares outstanding 47,191 47,741 47,260 47,648
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Basic earnings per share $ .26 $ .36 $ .75 $ 1.00
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Diluted earnings per share $ .26 $ .36 $ .75 $ .99
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</TABLE>
(1) Common stock equivalents represent the dilutive effect of
outstanding stock options for all periods presented.
