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EXHIBIT 11
EARNINGS PER SHARE COMPUTATIONS
(IN THOUSANDS EXCEPT PER SHARE DATA)
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THREE MONTH PERIOD SIX MONTH PERIOD
ENDED JUNE 30, ENDED JUNE 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
EARNINGS PER COMMON AND DILUTIVE
POTENTIAL SHARE:
Net Income $ 5,840 $ 8,124 $11,195 $16,874
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Shares:
Weighted average number of common
shares outstanding - Basic 26,615 26,683 26,705 26,632
Effect of dilutive securities (a):
Stock options 344 337 322 321
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Adjusted common shares - Diluted 26,959 27,020 27,027 26,953
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EARNINGS PER SHARE - DILUTED $ 0.22 $ 0.30 $ 0.41 $ 0.63
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(a) Shares issuable were derived using the "Treasury Stock Method" for all
dilutive potential shares.