EXHIBIT 11 - Statement regarding computation of per share earnings
1993 data has been restated for the two-for-one stock split on August 13, 1993.
Computation for the quarter ended March 31, March 31,
(Dollars in thousands, except per share data) 1994 1993
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Primary earnings per share:
Weighted average number of shares 34,911,936 32,374,306
Common stock equivalents computed under the
treasury stock method using average market price 461,078 515,800
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Total 35,373,014 32,890,106
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Fully diluted earnings per share:
Weighted average number of shares 34,911,936 32,374,306
Common stock equivalents computed under the
treasury stock method using the greater of ending
or average market price 462,483 515,816
Other potentially dilutive securities 2,687,450 2,687,450
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Total 38,061,869 35,577,572
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Net income $22,915 $18,165
Interest expense (net of tax) incurred for other
potentially dilutive securities $579 $579
Earnings per share:
Primary $.65 $.55
Fully diluted .62 .53
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