EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS ----------------------------------------------- (In thousands, except per share amounts) 2000 1999 1998 ------- ------- ------- Net income $48,023 $60,011 $57,246 ======= ======= ======= Average common shares outstanding 47,061 47,406 47,667 Common stock equivalents (1) 196 225 243 ------- ------- ------- Diluted shares outstanding 47,257 47,631 47,910 ======= ======= ======= Basic earnings per share $1.02 $1.27 $1.20 ======= ======= ======= Diluted earnings per share $1.02 $1.26 $1.19 ======= ======= ======= (1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented.