1 EXHIBIT 11.1 COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA Three months ended June 30, ------------------ 1996 1996 --------- --------- Primary: Net earnings available for common and common equivalent shares $14,009 $9,725 ----------- ---------- Weighted average common and common equivalent shares outstanding 39,351,152 39,210,818 ----------- ---------- Primary earnings per common share $0.36 $0.25 =========== ========== Fully Diluted: Net earnings available for common and common equivalent shares $14,009 $9,725 ----------- ---------- Weighted average common and common equivalent shares outstanding assuming ending market price 39,392,747 39,210,818 ----------- ---------- Fully diluted earnings per common share $0.36 $0.25 =========== ==========