EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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(in thousands, except per share amounts)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30 June 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income $ 12,915 $ 17,576 $ 23,233 $ 30,198
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Average common shares
outstanding 47,061 47,374 47,077 47,351
Common stock equivalents (1) 243 253 200 248
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Diluted shares outstanding 47,304 47,627 47,277 47,599
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Basic earnings per share $ .27 $ .37 $ .49 $ .64
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Diluted earnings per share $ .27 $ .37 $ .49 $ .63
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</TABLE>
(1) Common stock equivalents represent the dilutive effect of
outstanding stock options for all periods presented.
