EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Three Six Months Months Ended Ended June 30, June 30, (in thousands) 1997 1998 1997 1998 Net income (basic) 5,885 9,092 6,587 12,07 4 Interest expense on 7% Convertible Notes net of tax effect - 326 - 805 Net income (diluted) 5,885 9,418 6,587 12,87 9 Weighted average shares outstanding (basic) 17,021 18,805 17,012 16,99 4 Incremental shares related to stock 654 951 651 943 options Incremental shares related to 7% Convertible Notes - 2,490 - 4,178 Weighted average shares outstanding 17,675 22,246 17,663 22,11 (diluted) 5