EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS ------------------------------------------------ (in thousands, except per share amounts) Three Months Ended Six Months Ended June 30 June 30 ------------------- -------------------- 2000 1999 2000 1999 ------------------- -------------------- Net income $ 12,915 $ 17,576 $ 23,233 $ 30,198 =================== ==================== Average common shares outstanding 47,061 47,374 47,077 47,351 Common stock equivalents (1) 243 253 200 248 ------------------- -------------------- Diluted shares outstanding 47,304 47,627 47,277 47,599 =================== ==================== Basic earnings per share $ .27 $ .37 $ .49 $ .64 =================== ==================== Diluted earnings per share $ .27 $ .37 $ .49 $ .63 =================== ==================== (1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented.