1 EXHIBIT 11 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS COMPUTATION FOR THE QUARTER ENDED SEPTEMBER 30, SEPTEMBER 30, Dollars in thousands except per share data 1995 1994 ------------- ------------- Weighted average number of shares - primary earnings per share: Common stock outstanding 36,063,712 35,246,423 Common stock equivalents computed under the treasury stock method using average market price 613,513 488,267 ---------- ---------- Total 36,677,225 35,734,690 ========== ========== Weighted average number of shares - fully diluted earnings per share: Common stock outstanding 36,063,712 35,246,423 Common stock equivalents computed under the treasury stock method using the greater of ending or average market price 656,740 488,304 Convertible subordinated debentures 848,716 2,681,934 ---------- ---------- Total 37,569,168 38,416,661 ========== ========== Net income $32,872 $27,061 Interest expense (net of tax) incurred for convertible subordinated debentures 185 578 Earnings per share: Primary .90 .76 Fully diluted .88 .72 COMPUTATION FOR THE NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, Dollars in thousands except per share data 1995 1994 ------------- ------------- Weighted average number of shares - primary earnings per share: Common stock outstanding 36,293,050 35,064,456 Common stock equivalents computed under the treasury stock method using average market price 485,479 479,961 ---------- ---------- Total 36,778,529 35,544,417 ========== ========== Weighted average number of shares - fully diluted earnings per share: Common stock outstanding 36,293,050 35,064,456 Common stock equivalents computed under the treasury stock method using the greater of ending or average market price 516,153 480,462 Convertible subordinated debentures 2,051,011 2,685,591 ---------- ---------- Total 38,860,214 38,230,509 ========== ========== Net income $89,888 $75,899 Interest expense (net of tax) incurred for convertible subordinated debentures 1,333 1,737 Earnings per share: Primary 2.44 2.14 Fully diluted 2.35 2.03 Page 12