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EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
The following presents the computation of per share earnings reflecting the
assumption that dilutive stock options are exercised.
(IN THOUSANDS
EXCEPT PER SHARE DATA)
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2002 2001 2000
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Net earnings (1) $8,690 $6,286 $15,158
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Weighted average common shares outstanding (2) 6,839 6,856 7,014
Common share equivalents relating to stock options 1 1 1
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Adjusted common and common equivalent
shares for computation (3) 6,840 6,857 7,015
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Net earnings per share:
Basic (1/2) $1.27 $0.92 $2.16
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Diluted (1/3) $1.27 $0.92 $2.16
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