Exhibit 11.1
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STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Nine Months Ended
September 30, September 30,
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2000 1999 2000 1999
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(in thousands, except for per share data)
<S> <C> <C> <C> <C>
Basic:
Net income applicable to
common stock $ 3,829 $ 4,985 $ 6,916 $ 20,047
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Weighted average number of
common shares outstanding 15,779 15,502 15,727 15,438
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Basic net income per share $ .24 $ .32 $ .44 $ 1.30
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Diluted:
Net income applicable to
common stock $ 3,829 $ 4,985 $ 6,916 $ 20,047
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Weighted average number of
common shares outstanding 15,779 15,502 15,727 15,438
Weighted average number of
dilutive common stock equivalents 408 222 199 408
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Weighted average number of
common and common equivalent
shares outstanding 16,187 15,724 15,926 15,846
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Diluted net income per share $ .24 $ .32 $ .43 $ 1.27
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