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 ------------------ ------------------ 1999 1998 1999 1998 ------------------ ------------------ Net income $17,576 $15,012 $30,198 $25,885 ================== ================== Average common shares outstanding 47,374 47,883 47,351 47,852 Common stock equivalents (1) 253 302 248 304 ------------------ ------------------ Diluted shares outstanding 47,627 48,185 47,599 48,156 ================== ================== Earnings per share $ .37 $ .31 $ .64 $ .54 ================== ================== Diluted earnings per share $ .37 $ .31 $ .63 $ .54 ================== ================== (1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented.