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EXHIBIT 11
EARNINGS PER SHARE COMPUTATIONS
(IN THOUSANDS EXCEPT PER SHARE DATA)
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THREE MONTH PERIOD NINE MONTH PERIOD
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
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2000 1999 2000 1999
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EARNINGS PER COMMON AND DILUTIVE
POTENTIAL SHARE:
Net Income $ 9,346 $11,538 $20,541 $28,412
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Shares:
Weighted average number of common
shares outstanding - Basic 26,710 26,725 26,707 26,664
Effect of dilutive securities (a):
Stock options 210 376 284 339
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Adjusted common shares - Diluted 26,920 27,101 26,991 27,003
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EARNINGS PER SHARE - DILUTED $ 0.35 $ 0.43 $ 0.76 $ 1.05
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(a) Shares issuable were derived using the "Treasury Stock Method" for all
dilutive potential shares.