1 EXHIBIT 11.1 COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA Six months ended September 30, ------------------ 1997 1996 --------- --------- Primary: Net earnings available for common and common equivalent shares $28,252 $9,998 ----------- ---------- Weighted average common and common equivalent shares outstanding 39,425,461 39,190,136 ----------- ---------- Primary earnings per common share $0.72 $0.26 =========== ========== Fully Diluted: Net earnings available for common and common equivalent shares $28,252 $9,998 ----------- ---------- Weighted average common and common equivalent shares outstanding assuming ending market price 39,483,988 39,190,252 ----------- ---------- Fully diluted earnings per common share $0.72 $0.26 =========== ==========