1 EXHIBIT 11.1 COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA Twelve months ended March 31, ------------------ 1997 1996 --------- --------- Primary: Net earnings available for common and common equivalent shares $37,169 $22,081 ----------- ---------- Weighted average common and common equivalent shares outstanding 39,276,678 39,255,064 ----------- ---------- Primary earnings per common share $0.95 $0.56 =========== ========== Fully Diluted: Net earnings available for common and common equivalent shares $37,169 $22,081 ----------- ---------- Weighted average common and common equivalent shares outstanding assuming ending market price 39,276,678 39,289,556 ----------- ---------- Fully diluted earnings per common share $0.95 $0.56 =========== ==========