EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Three months ended Nine,months ended
Basic: September 30, September 30,
- ------ 1999 1998 1999 1998
------------ ------------ ------------ ------------
Net earnings from continuing operations $ 18,139 $ 12,523 $ 45,862 $ 26,040
Adjustment for dividends on
convertible preferred shares (201) (243) (637) (770)
Net earnings from continuing operations ------------ ------------ ------------ ------------
applicable to common stockholders 17,938 12,280 45,225 25,270
Extraordinary item -- (3,326) -- (3,326)
------------ ------------ ------------ ------------
Net income $ 17,938 $ 8,954 $ 45,225 $ 21,944
Weighted average common shares outstanding 14,855,799 14,667,471 14,839 14,715,601
Net earnings per share from
continuing operations $ 1.21 $ 0.84 $ 3.05 $ 1.72
Extraordinary item -- (0.23) -- (0.23)
------------ ------------ ------------ ------------
Net earnings per share $ 1.21 $ 0.61 $ 3.05 $ 1.49
============ ============ ============ ============
DILUTED:
- --------
Net earnings from continuing operations
applicable to common stockholders $ 18,139 $ 12,523 $ 45,862 $ 26,040
Extraordinary item -- (3,326) -- (3,326)
------------ ------------ ------------ ------------
Net income $ 18,139 $ 9,197 $ 45,862 $ 22,714
============ ============ ============ ============
Weighted average common shares outstanding 14,855,799 14,667,471 14,839,146 14,715,601
Common stock equivalents:
Stock options 350,970 310,813 340,679 320,880
Compensation unit plan 159,920 91,278 149,999 98,074
Convertible preferred stock 374,721 451,868 393,275 474,916
------------ ------------ ------------ ------------
Total 15,741,410 15,521,430 15,723,099 15,609,471
============ ============ ============ ============
Net earnings per share from continuing operations $ 1.15 $ 0.81 $ 2.92 $ 1.67
Extraordinary item -- (0.22) -- (0.21)
------------ ------------ ------------ ------------
Net earnings per share $ 1.15 $ 0.59 $ 2.92 $ 1.46
============ ============ ============ ============
