EXHIBIT 11 - Statement regarding computation of per share earnings Computation for the quarter ended June 30, June 30, Dollars in thousands except per share data 1995 1994 ---------- ---------- Weighted average number of shares - primary earnings per share: Common stock outstanding 36,016,137 35,031,333 Common stock equivalents computed under the treasury stock method using average market price 480,859 490,238 ---------- ---------- Total 36,496,996 35,521,571 ========== ========== Weighted average number of shares - fully diluted earnings per share: Common stock outstanding 36,016,137 35,031,333 Common stock equivalents computed under the treasury stock method using the greater of ending or average market price 525,579 490,316 Convertible subordinated debentures 2,649,255 2,687,450 ---------- ---------- Total 39,190,971 38,209,099 ========== ========== Net income $28,748 $25,923 Interest expense (net of tax) incurred for convertible subordinated debentures $571 $579 Earnings per share: Primary $.79 $.73 Fully diluted .75 .69 Computation for the six months ended June 30, June 30, Dollars in thousands except per share data 1995 1994 ---------- ---------- Weighted average number of shares - primary earnings per share: Common stock outstanding 36,409,619 34,971,964 Common stock equivalents computed under the treasury stock method using average market price 420,401 475,739 ---------- ---------- Total 36,830,020 35,447,703 ========== ========== Weighted average number of shares - fully diluted earnings per share: Common stock outstanding 36,409,619 34,971,964 Common stock equivalents computed under the treasury stock method using the greater of ending or average market price 444,694 476,476 Convertible subordinated debentures 2,662,122 2,687,450 ---------- ---------- Total 39,516,435 38,135,890 ========== ========== Net income $57,016 $48,838 Interest expense (net of tax) incurred for convertible subordinated debentures $1,148 $1,159 Earnings per share: Primary $1.55 1.38 Fully diluted 1.47 1.31 Page 12