52
EXHIBIT 11
Statement Re Computation of Per Share Earnings
Years ended December 31, 1995, 1994 and 1993
1995 1994 1993
---------- ---------- ----------
Primary
- -------
Earnings from continuing operations $ 30,663,000 18,173,000 10,039,000
Discontinued operations (25,524,000) 4,198,000 (2,209,000)
---------- ---------- ----------
Net earnings $ 5,139,000 22,371,000 7,830,000
========== ========== ==========
Common and common equivalent
shares outstanding:
Weighted average common
shares outstanding during
the period 19,753,813 19,714,874 19,714,759
Assumed exercise of stock
options 77,037 64,106 13,642
---------- ---------- ----------
19,830,850 19,778,980 19,728,401
========== ========== ==========
Earnings per share:
Earnings from continuing operations $ 1.55 .92 .51
Discontinued operations $ (1.29) .21 (.11)
Net earnings $ .26 1.13 .40
Fully diluted
- -------------
Earnings from continuing operations $ 30,663,000 18,173,000 10,039,000
Discontinued operations (25,524,000) 4,198,000 (2,209,000)
---------- ---------- ----------
Net earnings $ 5,139,000 22,371,000 7,830,000
========== ========== ==========
Common and common equivalent
shares outstanding:
Weighted average common
shares outstanding during
the period 19,753,813 19,714,874 19,714,759
Assumed exercise of stock
options 86,294 131,006 43,338
---------- ---------- ----------
19,840,107 19,845,880 19,758,097
========== ========== ==========
Earnings per share:
Earnings from continuing operations $ 1.55 .92 .51
Discontinued operations $ (1.29) .21 (.11)
Net earnings $ .26 1.13 .40