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Exhibit 11
Computation of Earnings Per Share
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE:
Weighted average and common equivalent shares 26,283,343 26,196,613 26,273,447 26,135,111
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Net income $ 9,884,637 $10,674,046 $17,780,644 $20,522,156
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Net income per share $ 0.38 $ 0.41 $ 0.68 $ 0.79
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FULLY DILUTED:
Weighted average and common equivalent shares 26,283,343 26,196,613 26,273,447 26,135,111
----------- ----------- ----------- -----------
Net income $ 9,884,637 $10,674,046 $17,780,644 $20,522,156
=========== =========== =========== ===========
Net income per share $ 0.38 $ 0.41 $ 0.68 $ 0.79
=========== =========== =========== ===========
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