1 Exhibit 11 Computation of Earnings Per Share THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------------------ ------------------------------ 1996 1995 1996 1995 ----------- ----------- ----------- ----------- PRIMARY EARNINGS PER SHARE: Weighted average and common equivalent shares 26,196,613 25,927,218 26,135,111 25,850,078 ----------- ----------- ----------- ----------- Net income $10,674,046 $ 8,022,740 $20,522,156 $14,634,299 =========== =========== =========== =========== Net income per share $ 0.41 $ 0.31 $ 0.79 $ 0.57 =========== =========== =========== =========== FULLY DILUTED Weighted average and common equivalent shares 26,196,613 25,927,218 26,135,111 25,850,078 ----------- ----------- ----------- ----------- Net income $10,674,046 $ 8,022,740 $20,522,156 $14,634,299 =========== =========== =========== =========== Net income per share $ 0.41 $ 0.31 $ 0.79 $ 0.57 =========== =========== =========== =========== 29