EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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(in thousands, except per share amounts)
Three Months Ended
March 31
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1999 1998
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Net income $12,622 $10,873
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Average common shares outstanding 47,327 47,820
Common stock equivalents (1) 243 344
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Diluted shares outstanding 47,570 48,164
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Earnings per share $ .27 $ .23
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Diluted earnings per share $ .27 $ .23
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(1) Common stock equivalents represent the dilutive effect of
outstanding stock options for all periods presented.