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 ------------------ ---------------- 1998 1997 1998 1997 ------------------ ---------------- Net income 15,012 12,532 25,885 19,981 ================== ================ Average common shares outstanding 47,883 47,728 47,852 47,608 Common stock equivalents (1) 302 200 304 184 ------------------ ---------------- Diluted shares outstanding 48,185 47,928 48,156 47,792 ================== ================ Earnings per share $ .31 $ .26 $ .54 $ .42 ================== ================ Diluted earnings per share $ .31 $ .26 $ .54 $ .42 ================== ================ (1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented.